Irs 457 Limits For 2024. I estimate it will go up by $1,000 to $24,000 in 2025 (or $23,500 if inflation is low). That’s an increase of $500 over 2023.
Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000. Most workers are required to contribute social security taxes up to irs limits.