ErnieS0
Expert Alumni

Retirement tax questions

A 457(b) plan is an employer plan. If your 457(b) has a Roth option, there is a contribution limitation, not an income limitation. 

 

A 457(b) plan’s annual contributions and other additions (excluding earnings) to a participant’s account cannot exceed the lesser of:

  1. 100% of the participant's includible compensation, or
  2. the elective deferral limit ($20,500 in 2022; $19,500 in 2020 and in 2021).

There are additional rules for catch-up contributions. To learn more see: Retirement Topics - 457(b) Contribution Limits

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