Irs Deferred Compensation Limits 2024

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.


Irs Deferred Compensation Limits 2024

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:

Irs Deferred Compensation Limits 2024 Images References :