457(b) contribution planner, 2024
This works out one number from the 457(b) Contribution Limit figures published for 2024. Every amount it uses is below, with the document it was read from. What you enter is your own: this site has no way to check it, and the answer it produces is not a published figure.
This calculates
The 457(b) contribution room left after contributions and the catch-up choice you enter.
You provide
- Which catch-up applies to you
- Deferred so far this year
- Eligible for the catch-up
It does not include
- Plan eligibility, employer contributions, special catch-up rules, tax filing, or advice.
Effective 2024-01-01Source: Notice 2023-75 (IRS)Verified 2026-09-04
How it is worked out
The published base limit, plus the published catch-up amount if you are eligible for it, less what you enter as contributed so far. Both published amounts are exact, so only your own figure is rounded, to the nearest cent. Where you have already contributed more than the limit allows, the answer is nothing rather than a negative amount.
It uses Deferral limit, $23,000, published above.
It uses Catch-up limit, age 50 and over, +$7,500, the only one this year publishes.
Figures in this colour are computed from the amounts above. They are not published figures and no document states them.
Work it out
The live calculator needs JavaScript. The table below covers common amounts and is computed the same way.
Worked out for common amounts
| Deferred so far this year | Result |
|---|---|
| 0 | $30,500 |
| 5,000 | $25,500 |
| 10,000 | $20,500 |
| 20,000 | $10,500 |
How each figure was verified
Each number below was read from a stored copy of the document named beside it, and checked to occur word for word in the quoted sentence. The digest is of that stored text.
Notice 2023-75 (IRS)
- Deferral limit
The limitation on deferrals under section 457(e)(15) concerning deferred compensation plans of state and local governments and tax-exempt organizations is increased from $22,500 to $23,000.
- Catch-up limit, age 50 and over
The dollar limitation under section 414(v)(2)(B)(i) for catch-up contributions to an applicable employer plan other than a plan described in section 401(k)(11) or section 408(p) for individuals aged 50 or over remains $7,500.
Every 2024 457(b) Contribution Limit figure · 457(b) Contribution Limit in every year · Every calculator on this site