2024 415c Contribution Limit Nse

2024 415c Contribution Limit Nse. 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. The 401(k) contribution limit for 2024 is $23,000.

The total contribution limit for both employee and employer contributions to 401(k) defined contribution plans under section 415(c)(1)(a) increased from $66,000 to $69,000. The 415 (c) defined contribution plan maximum annual addition will increase to $68,000 next year from $66,000 in 2023.