Maximum Allowable 457 Contribution 2024

Maximum Allowable 457 Contribution 2024. 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) plan and another $23,000 in deferrals to their 457 (b) plan, for a total of $46,000,. Page last reviewed or updated:


Maximum Allowable 457 Contribution 2024

The maximum amount a person can contribute to a section 457 deferred compensation plan is set each year by the irs after taking inflation into account. $23,000 (for 2024, as indexed.

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