Irs Maximum 403b Contribution 2024. 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. Contribution limits for 403(b)s and other retirement plans can change from year to year and are adjusted for inflation.
The amount of salary deferrals you can contribute to retirement plans is your individual limit each calendar year no matter how many plans you’re in. Section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement plans.
Irs Maximum 403b Contribution 2024 Images References :