Maximum Allowable 457 Contribution 2024 Lok. Tax legislation provides for a taxpayer to claim certain expenses incurred during a year of assessment against the income received. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.

Limits on contributions and benefits. I am trying to work out the maximum tax deductible contribution to a retirement annuity.