Elliot and colleagues (2020) systematically evaluated the reliability of individual differences in task-based fMRI activity and found reliability to be poor. Here we demonstrate that task-based fMRI can be quite reliable, and that the small sample sizes, task types, and dated region of interest measures used in Elliot et al. lead to an overly negative picture. We show evidence from recent studies using multivariate models in larger samples, which have short-term test-retest reliability in the “excellent” range (ICC > 0.75). These include 8 fMRI studies of pain and a large study of affective images (N > 300). In addition, while some use cases for biomarkers require reliable individual differences, others do not. They require only that fMRI measures serve as reliable indicators of the presence of a mental state or event, which we term ‘task reliability’. In a re-analysis of the Human Connectome Project data reported in Elliot et al., we show excellent task reliability across roughly 4 months. Despite difficulties with some experimental paradigms and measurement models, the future is bright for fMRI research focused on biomarker development.