$19,500
Secondly, what is the maximum 457 contribution for 2020 for over 50?
You’re in a 457(b) and a 403(b) plan, and each plan allows the maximum deferrals for 2020. You may be able to defer: If you’re under age 50: $19,500 to each plan in 2020. If you’re age 50 or older in a governmental 457(b) plan: $26,000 to each plan if both plans allow age-50 catch-ups ($6,500 additional in 2020)
Likewise, people ask, is there a limit on 457 contributions? The maximum amount you can contribute to a 457 retirement plan in 2021 is $19,500, including any employer contributions. For example, if your employer contributes $5,000, you’re allowed to contribute $14,500 to meet the annual limit.
Then, what is the maximum retirement contribution for 2021?
$19,500