What Is The Max 403b Contribution For 2024 Over 55. Because elective deferrals are the only contributions made to max's account, the maximum amount that can be contributed to a 403(b) account on max's behalf in 2024 is $23,000, the lesser of both limits. [2024 update] the annual contribution limit for 2024 saw a $500 increase over 2023 levels.

The maximum 403(b) for employees over 50 is $30,500 in 2024. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.