Irc 415 Limit 2024. The 415(c) limit is the maximum amount of contributions that individuals can make to a defined contribution retirement plan in a calendar year, as per section 415(c) of the internal revenue code. Most of the dollar ‎limits, including the elective deferral contribution limit for 401(k), 403(b) and 457(b) plans, the ‎annual compensation limit under 401(a)(17) and the maximum.

Section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement plans. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.