2024 Deferred Comp Limits 457. The dollar limitation for catch. This calculator will help you determine your basic salary deferral limit, which, for 2024, is the lesser of $23,000 or 100% of includible compensation, reduced by any of the factors.
It will go up by $500 to. If you are age 50 or older, you can make an additional $7,500 catch.
Assets In A 457 (B) Deferred.
The maximum annual contribution limit for 457 (b) plans is $23,000 for 2024 (or 100% of gross annual compensation, if less).
Thatโs An Increase Of $500 Over 2023.
The normal contribution limit for elective deferrals to a 457 deferred compensation plan is increased to $23,000 in 2024.
2024 Deferred Comp Limits 457 Images References :
This Calculator Will Help You Determine Your Basic Salary Deferral Limit, Which, For 2024, Is The Lesser Of $23,000 Or 100% Of Includible Compensation, Reduced By Any Of The Factors.
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.
As Part Of A 457 Plan, Participants Can Contribute More Than The Annual Limit Once They Reach A Certain Age.