What Is The Max 457 Contribution For 2024 Contribution. Here are the limits for 2024: The normal contribution limit for elective deferrals to a 457 deferred compensation plan is increased to $23,000 in 2024.
457(b) contribution limits will increase from $23,000 in 2024 to $23,500 in 2025. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.