$19,500
Keeping this in consideration, what is the max you can put in a 457?
$19,500
Also know, what is includible compensation? Includible Compensation means an Employee’s actual wages in box 1 of Internal Revenue Service Form W-2, Wage and Tax Statement, for the Employer, salaries, and fees for professional services and other amounts payable for personal services actually rendered to the Employer to the extent that the amounts are includible …
Besides, do 457 plans have catch up?
Special 457(b) catch–up deferrals – the plan may allow a special “last 3-year catch–up,” which allows you to defer in the three years before you reach the plan’s normal retirement age: … the annual 457(b) limit, plus amounts allowed in prior years that you didn’t contribute.