Contribution Limit 457b 2024 Tax. If you are age 50 or over by december 31, the. The maximum amount you are allowed to contribute to your 457 (b) plan is based on your taxable compensation as defined by the internal revenue code.

The maximum amount you can contribute to a 457 retirement plan in 2024 is $23,000, including any employer contributions. In 2023, you can contribute up to $22,500 to a 457 (b) plan or up to your includible compensation (typically, your taxable wages plus benefits for the year), if.