2024 Irs 457 Contribution Limits

2024 Irs 457 Contribution Limits. Workplace retirement plan contribution limits for 2024. For 2024, the irs has increased the contribution limit for 401(k), 403(b), most 457 plans, and the federal government's thrift savings plan to $23,000, up from $22,500 in 2023.

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. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits.