What is the 2023 403(b) contribution limit?

Feed your brain. Fund your future. The 2023 403 (b) contribution limit is $22,500 for pretax and Roth employee contributions. The combined employee and employer contribution limit is $66,000. Employees who are 50 and older can save an extra $7,500 in catch-up contributions, bringing their employee contribution limit to $30,000.

What if my 403(b) contribution is more than the allowable limit?

If the amount contributed is more than the allowable limit, you must include the excess that isn’t a Roth contribution in your gross income for the year contributed. Under the general limit on elective deferrals, the most that can be contributed to your 403 (b) account through a salary reduction agreement is $22,500 for 2023 and $23,000 for 2024.

What is a 403(b) plan?

403 (b) plans also allow employers to supplement their employees' contributions with their own additions. Discretionary or matching contributions from employers are permitted, up to a total combined maximum of $69,000 in employer and employee contributions for those younger than 50 in 2024 ($76,500 for those 50 or older).