Evita Janette

Deferred Compensation 457 Limits 2024 In Hindi. A 457 plan is a type of deferred compensation plan for workers in the government and nonprofit sectors. The maximum annual contribution limit for 457 (b) plans is $23,000 for 2024 (or 100% of gross annual compensation, if less).

A 457 (b) plan allows you to save and invest money for retirement with tax benefits. The normal contribution limit for elective deferrals to a 457 deferred compensation plan is increased to $23,000 in 2024.