Irs Deferred Compensation Limits 2024 . Increase in contribution limits for 457(b) plans: The elective deferral limit for simple plans is 100% of compensation or $16,000 in 2024, $15,500 in 2023, $14,000 in 2022, and $13,500 in 2020 and 2021.
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. Increase in contribution limits for 457(b) plans:
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2024 Deferred Comp Limits Amity Beverie , The normal contribution limit for elective deferrals to a 457 deferred compensation plan is increased to $23,000 in 2024.
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2024 Deferred Comp Limits Amity Beverie , Increase in contribution limits for 457(b) plans: