The code §457(b) limit for the year ($23,000 for 2024). The maximum amount you can contribute to a 457 retirement plan in 2024 is $23,000, including any employer contributions.
In 2024, the limit is set by the irs at $23,000. For 2024, the basic contribution limit is $23,000.
Every Year, The Irs Announces The Latest Contribution Limits For Retirement Savings Accounts (Including 401(K), 403(B), Certain 457(B) Plans And Ira Contributions), As Well As Voya.
That’s an increase of $500 over 2023.
Of Note, The 2024 Pretax.
These limits saw a nice increase, which is due to higher than average inflation.
Images References :
The Following Limits Apply To Retirement Plans In 2024:
The code §457(b) limit for the year ($23,000 for 2024).
The Normal Contribution Limit For Elective Deferrals To A 457 Deferred Compensation Plan Is Increased To $23,000 In 2024.
The annual limit on contributions will increase to $23,000 (up from $22,500) for 401(k), 403(b) and 457.