457 Contribution Limits 2024 Over 50 . Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000. 457(b) contribution limits will increase from $22,500 to $23,000 in 2024.
These amounts apply to each plan, allowing you to contribute the maximum. Contribution limits are determined by the internal revenue service (irs) each year.
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