457 B Contribution Limits 2024

457 B Contribution Limits 2024. This calculator will help you determine the maximum contribution to your 457(b) plan in 2024. To take advantage of the age 50+ catch up, you could contribute up to $1,173 per biweekly paycheck ($30,500 for the calendar year).

 — 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, provided that the employee earns at least $46,000 in compensation.  — in 2023, the annual contribution limit for a 457 (b) plan is $22,500.