Irc 415 Limit 2024

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Irc 415 Limit 2024. The internal revenue service (irs) issued an important reminder of the unique application of the limit under internal revenue code (irc) section 415(c) to 403(b) plans on. This limit is established under section 415(c) of the internal revenue code (irc) and is intended to prevent excessive retirement savings and ensure equitable tax treatment.


Irc 415 Limit 2024

The 415 (c) limit caps the amount of “annual additions” (i.e., total contributions) a 401 (k) plan can allocate to participants each “limitation year.”. §415 (b) (1) (a) is increased from $265,000 to $275,000.

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