Simple retirement plan contribution limits increased to $16,000 in 2024 (up from $15,500 in 2023). This snapshot discusses how to adjust the irc section 415(c) defined contribution dollar limitation for a short limitation year, resulting from, for example, an initial, amended or.
The internal revenue code (irc) section 415 (c) contribution limit applicable to defined contribution retirement plans increased from $66,000 to $69,000 for 2024. A dollar limit of $275,000 (as.