Maximum Allowable 457 Contribution 2024 Limit

Maximum Allowable 457 Contribution 2024 Limit. The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older. The limit on annual additions (the combination of all employer contributions and employee elective salary deferrals to all 403 (b) accounts) generally is the lesser of:.


Maximum Allowable 457 Contribution 2024 Limit

In 2024, eligible employees who elect to make deferrals to both a 403(b) and 457(b) plan will generally be able to contribute up to $23,000 in deferrals to their 403(b). The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.

Maximum Allowable 457 Contribution 2024 Limit Images References :

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