Deferred Comp Limits For 2024. The dollar limitations for retirement plans and certain other dollar limitations that become effective january 1, 2024, have been released by the irs in notice 2023. Understanding irs contribution limits is important, especially when your goal is to contribute the maximum to your account.

The irs has just announced the new contribution and benefit limits for 2024 and—reflecting the moderating inflation readings, the increases are modest. Understanding irs contribution limits is important, especially when your goal is to contribute the maximum to your account.