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Finance

2025 457(b) Contribution Limits (And Prior Years)

The standard 457(b) contribution limits (also known as elective deferral limits) are below for 2025 and prior years. Note that you cannot put in more than 100% of your includable compensation, so that’s your max if that is less than the limits below. 457(b) Contribution Limits Year   Normal Limit Age 50+ Catch-Up Ages 60-63 […] The post 2025 457(b) Contribution Limits (And Prior Years) appeared first on JackieBeck.com.

The standard 457(b) contribution limits (also known as elective deferral limits) are below for 2025 and prior years. Note that you cannot put in more than 100% of your includable compensation, so that’s your max if that is less than the limits below.

457(b) Contribution Limits

Year   Normal Limit Age 50+
Catch-Up
Ages 60-63
Catch-Up
2025   $23,500 $7,500 $11,250
2024   $23,000 $7,500
2023   $22,500 $7,500
2022   $20,500 $6,500
2021   $19,500 $6,500
2020   $19,500 $6,500
2019   $19,000 $6,000

While that is the standard, some 457(b) plans have even better catch-up contribution limits if you are within 3 years of retiring. This is called a last 3-year catch-up.

That allows you to contribute either twice the annual 457(b) limit OR the annual 457(b) limit, plus amounts allowed in prior years that you didn’t contribute.

Some 457(b) plans may also let you make larger catch-ups if you have at least 15 years of service with the same employer. This is called the 15-year rule.

The catch-up contribution rules around a 457(b) are pretty complicated, to say the least. Even the IRS site says to talk to a pro to make sure you’re following the rules.

However, putting more than 100% of your annual salary in is not allowed, no matter what.

The post 2025 457(b) Contribution Limits (And Prior Years) appeared first on JackieBeck.com.

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