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457 Plan Contribution Limit for 2024 Rises to $20,500

CPA Practice

JANUARY 11, 2024

Firefighters Face Unique Challenges with Deferred Comp Benefits of a 457 Retirement Plan As with contributions to a traditional 401(k) or contributions to a 403(b), money goes into a 457 before you pay income taxes on it. The pretax contributions lower your current taxable income.

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