457 Plan Contribution Limit for 2024 Rises to $20,500
CPA Practice
JANUARY 11, 2024
However, if you are eligible for both the 50-plus and 3-year catch-up contributions, the IRS will only allow you to take advantage of the one that adds the most to your retirement account. The pretax contributions lower your current taxable income. Meanwhile, your contributions and earnings grow tax-sheltered until you withdraw them.
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