457 Plan Contribution Limits For 2024 Pdf. The irs has increased the 401(k) plan contribution limits for 2024, allowing employees to defer up to $23,000 into workplace plans, up from $22,500 in 2023. The internal revenue service (irs) has recently announced the cost of living adjustments affecting the contribution limits to retirement plans for the 2024 tax.
most of the dollar limits applicable. Contribution maximums will increase from $22,500 to $23,000 for 401 (k), 403 (b) and most 457 plans, as well as the federal government’s thrift savings plan, the irs says.