Irs Section 415 Limits 2024

Irs Section 415 Limits 2024. The limitation on the annual benefit for a defined. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023;

1, 2024, the limitation on the annual benefit under a defined benefit plan under section 415 (b) (1) (a) of the code is increased from $265,000 to. The annual limit for defined contribution plans under section 415(c)(1)(a) increases to $69,000 (from $66,000).