401k 2024 Contribution Limit Chart. 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 contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
The irs has just announced the new contribution and benefit limits for 2024 andโreflecting the moderating inflation readings, the increases are modest. The 2024 retirement plan contribution limits