Deferred Compensation Limits 2024. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023;. In 2024, eligible employees who elect to make deferrals to both a 403(b) and 457(b) plan will generally be able to contribute up to $23,000 in deferrals to their 403(b).
Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. The normal contribution limit for elective deferrals to a 457 deferred compensation plan is increased to $23,000 in 2024.
