Irs 2024 Deferred Comp Limits. Effective january 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 income limits for receiving a retirement savings contributions credit (“saver’s credit”) in 2024 for married filing jointly are $46,000 (50% credit), $50,000.
Employees age 50 or older may contribute up to an. To maximize your retirement savings, contribute as much as possible to the plan up to the 2024 allowed limits of: