Irs 401k Annual Compensation Limit 2024.  โ€” section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement plans. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.


Irs 401k Annual Compensation Limit 2024

The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).  โ€” section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement plans.

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