2024 Contribution Limits 403b Over 55
2024 Contribution Limits 403b Over 55 . Under the 2024 limits, the 403(b) retirement plan maximum contribution, as an elective deferral, is $23,000. If you are age 50 or older by the end of the year, your individual limit is increased by $7,500 in 2023 and 2024;
Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000. This contribution limit increases to $23,000 in 2024.
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