What Is The Max 457 Contribution For 2024 Limit

What Is The Max 457 Contribution For 2024 Limit. Those with 401(k), 403(b), 457 plans, and similar accounts will see a $500 increase for 2024, the limit rising to $23,000. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.

401(k), 403(b) and 457 elective deferral limit: The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.