2024 457 Contribution Limit Over 50

2024 457 Contribution Limit Over 50. That’s an increase of $500 over 2023. The annual limit for simples and simple iras will also remain at $3,500.

Employees who have access to a 457 plan can contribute up to $19,500 as an elective salary deferral in 2021 or $20,500 in 2022. More people will be able to make contributions to roth ira accounts, too.