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IRS Announces 415 and Other Limits for 2024 (Posted on November 20, 2023 by Carol V. Calhoun)

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The Internal Revenue Service has issued IRS Notice 2023-75, 2023–47 IRB 1256, setting out the limits on benefits and contributions for 2024. As expected, the limits rose, but not as steeply as last year. Maximum deferrals under a 401(k) or 403(b) plan rose from $22,500 to $23,000, while maximum benefits under a defined benefit plan rose from $265,000 to $275,000.

A chart showing details, and limits from 1996 to 2024, can be found at this link.

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Copyright © 1998 - 2026 by Carol V. Calhoun

The opinions posted on this site are my own and do not necessarily represent my law firm's position, strategies, or opinions. The contents of this site, including all articles, opinions, and other postings, are offered for informational purposes only and should not be construed as legal advice. A visit to this site or an exchange of information through this site does not create an attorney-client relationship. You should consult directly with an attorney for individual advice regarding your particular situation. I am not your lawyer under any circumstances.

Carol V. Calhoun

The author of this site has now retired. The contents of this site are maintained for archival purposes only, and may not be up to date.

  • Home
  • Explore Site
    • Search/Sitemap
    • Popular Content
  • What’s new
    • Newest Stories on This Site
    • Today’s Federal Register
    • Today’s Tax Court opinions
    • Today’s message board posts
    • Maximum Benefits and Contributions Limits
  • Research
    • Employee Benefits Library
      • Accounting
      • Applicable Federal Rates
      • Benefits-Related Associations
      • Cases
      • Church Plans
      • Department of Labor
      • Directories of Attorneys
      • Federal Register
      • Governmental Plans
      • GSA Publications
      • Inflation-Adjusted Limits
      • Internal Revenue Service
      • Law Reviews
      • Legal Search Engines and Directories
      • Legislation
      • Message Boards
      • Miscellaneous
      • Other Government Agencies
      • Pension Benefit Guaranty Corporation (“PBGC”)
      • Regulations
      • Retirement Savings Calculators
      • Same-Sex Spouse and Domestic Partner Benefits
      • Social Security Administration
      • Socially Responsible Investing
      • State Materials
      • United States Code (including ERISA and the Internal Revenue Code)
    • State Retirement Systems
    • Cases and Administrative Materials
    • Benefits and Contributions Limits
  • Publications
    • Articles
    • Books
    • Charts
    • Speeches
    • Radio
    • Television
  • Message boards
    • Governmental plans message board
    • 403(b) plans message board
    • 457 plans message board
    • Other message boards
    • Today’s message board posts
    • Search message boards

Search/Sitemap

Copyright © 1998 - 2026 by Carol V. Calhoun

The author of this site has now retired. The contents of this site are maintained for archival purposes only, and may not be up to date. The contents of this site, including all articles, opinions, and other postings, are offered for informational purposes only and should not be construed as legal advice. A visit to this site or an exchange of information through this site does not create an attorney-client relationship. You should consult directly with an attorney for individual advice regarding your particular situation. I am not your lawyer under any circumstances.

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