The Internal Revenue Service(IRS) and the Social Security Administration have increased the maximum benefit/contribution limits for 2024. Below is a chart showing the 2022 and 2023 limits and the new amounts for 2024. Any questions on the chart below please contact a member of Barrett McNagny's Employee Benefits Team listed below.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.