457 Max Contribution 2024 Catch Upsc . The normal contribution limit for elective deferrals to a 457 deferred compensation plan is increased to $23,000 in 2024. It allows these participants to contribute up to twice the below age 50.
It assumes that you participate in a single 457(b) plan in 2024 with one employer. The maximum amount you can contribute to a 457 retirement plan in 2024 is $23,000, including any employer contributions.
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Maximum 457 Contribution 2024 Catch Up Sonni Celestyn , Those 50 and older can contribute an additional $7,500.
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457b Contribution 2024 Marci Ruthann , As of 2023, the irs has set the annual contribution limit for 457 (b) plans at $20,500.
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