Irs 457 Deferred Compensation Plan Contributions For 2019

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The maximum amount a person can contribute to a section 457 deferred compensation plan is set each year by the internal revenue service after taking inflation into account. this usually results in a slight increase yearly. you can contribute up to $18,500 as an elective deferral to your employer's 457 plan in 2018. this is up from $18,000 in 2017.. https://www.thebalance.com/section-457-retirement-plan-contribution-limits-3193214 The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s thrift savings plan is increased from $18,500 to $19,000.. https://www.plansponsor.com/irs-announces-contribution-benefit-limits-2019/