Section 415 Limits 2024. The highlights of limitations that changed from 2023 to 2024 include the following: The 415(c) contribution limit applicable to defined contribution retirement plans increased.


Section 415 Limits 2024

Section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement plans. The irc §415 dollar limit is $235,000 and the irc §401(a)(17) pay cap is $345,000 for 2024, $330,000 for 2023, and $305,000 for 2022.

Section 415 Limits 2024 Images References :