Retirement topics: Contributions | Internal Revenue Service
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-contributions
WebDec 22, 2023 · The basic limit on elective deferrals is $23,000 in 2024, $22,500 in 2023, $20,500 in 2022, $19,500 in 2020 and 2021, and $19,000 in 2019, or 100% of the employee's compensation, whichever is less. The elective deferral limit for SIMPLE plans is 100% of compensation or $16,000 in 2024, $15,500 in 2023, $14,000 in 2022, and …
DA: 17 PA: 40 MOZ Rank: 39