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403(b) Contribution Limits for 2024 and 2025

These plans are retirement savings accounts available to teachers and nonprofit employees.

By Motley Fool Retirement Team – Updated Dec 16, 2024 at 1:05PM

Key Points

  • 403(b) plans allow up to $23,000 in contributions in 2024, rising to $23,500 in 2025.
  • 403(b) plans are limited to certain types of employers, like schools, hospitals, and charities.
  • Some 403(b) plans have higher catch-up contribution limits for workers with at least 15 years of service.
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