Irs 457 Plan Contribution Limits 2024. Contribution limits are determined by the internal revenue service (irs) each year. The contribution limit for employees who participate in a 457 (b) plan, 403 (b) plan, or the federal government’s thrift savings plan is $23,000 in 2024 (up from $22,500 in 2023).

These amounts apply to each plan, allowing you to contribute the maximum. Contribution limits are determined by the internal revenue service (irs) each year.