What Is The Maximum 457 B Contribution For 2024. Review the irs limits for 2024. In 2023, the annual contribution limit for a 457(b).
The limit applies on a combined basis to both employee deferrals and nonforfeitable (vested) employer. The 457(b) contribution limit will increase from $22,500 in 2023 to $23,000 in 2024.
The 457 Plan Contribution Limit Applies To All 457 Plans You Might Have For The Current Year.
The normal contribution limit for elective deferrals to a 457 deferred compensation plan is increased to $23,000 in 2024.
See 457 (B) Plan Contribution Limits.
The 457(b) contribution limit will increase from $22,500 in 2023 to $23,000 in 2024.
Thatโs An Increase Of $500 Over 2023.
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Thatโs An Increase Of $500 Over 2023.
For individuals age 50 and older, the.
It Assumes That You Participate In A Single 457 (B) Plan In 2024 With One Employer.
Review the irs limits for 2024.
For Example, If You Have Two Plans, You Can Contribute $9,750 To Each.