Deferred Compensation 457 Limits 2024 Calculator
Deferred Compensation 457 Limits 2024 Calculator. If you are age 50 or older, you can make an additional $7,500 catch. 457 plan contribution limits for 2023, you could contribute up to $22,500 ($23,000 in 2024).
The normal contribution limit for elective deferrals to a 457 deferred compensation plan is increased to $23,000 in 2024. This is the percentage of your annual salary you contribute to your 457 plan each year.