457 Limit 2024. The internal revenue service recently announced the new inflation adjusted dollar limitations for retirement plan contributions and benefits beginning january 1, 2024. Section 457 retirement plan contribution limits.
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December 11, 2023 | Kathryn Mayer.
457 plan contribution limit for 2024 rises to $20,500.
That’s An Increase Of $1,000 Over 2021.
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2024 Limits And Thresholds For Qualified Retirement Plans.
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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).
Review the irs limits for 2024.
The Following Limits Apply To Retirement Plans In 2024:
