2024 Contribution Limits 403b Irs

2024 Contribution Limits 403b Irs. This means that for savers under 50, you can defer $23,000 per year, or a total combined $69,000. The maximum contribution limit on elective salary deferrals will increase from $22,500 to $23,000.

If you’re over 50, you can save $30,500 per year, or a combined limit of $76,500.  — 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.