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2024 Employee Benefit Plan Limits Announced by IRS
Friday, November 3, 2023

The IRS has released the 2024 cost-of-living adjustments for limits on employee benefits with some adjustments to the 2024 rates including minor increases to the maximum contributions allowed under Code Section 415 for defined contribution plans (e.g. 401(k) plans), maximum compensation used in determining benefits, and the taxable wage base. An updated chart on the 2024 limits is linked here.

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