What Is The Max 403b Contribution For 2024 In Usa

What Is The Max 403b Contribution For 2024 In Usa. 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. What is the 403b contribution limit for 2024?

Employees can contribute up to $23,000 to a 403(b) plan in 2024, or $30,500 if they are age 50 or older. Volume 30, number 10—october 2024.