MLchartDataset catalogue

Internal Revenue Code limit

Term · Economic statistics · MLC-T-ECS-000988

Dollar limitation on benefits and contributions under qualified defined contribution plans.

Note: Section 415 of the IRC provides for dollar limitations on benefits and contributions under qualified defined contribution plans. In 2016, the contribution limit was $18,000 per year.

Table 1. Record
IdentifierMLC-T-ECS-000988
FieldEconomic statistics
AbbreviationIRC
ReferencesBLS Glossary
Record as JSON 
{
  "id": "MLC-T-ECS-000988",
  "term": "Internal Revenue Code limit",
  "field": "Economic statistics",
  "definition": "Dollar limitation on benefits and contributions under qualified defined contribution plans.\n\nNote: Section 415 of the IRC provides for dollar limitations on benefits and contributions under qualified defined contribution plans. In 2016, the contribution limit was $18,000 per year.",
  "abbreviation": "IRC",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/internal-revenue-code-limit/"
}

Record 988 of 2,177 in Economic statistics terminology (MLC-0116). Request the full dataset.