IRC §457(b) · Governmental Plan

457(b) Deferred Comp Planner

State, city, county, school district employee? Model your 2024 deferral plus catchups.

Annual salary (W-2 gross)

Your age (12/31/2024)

State of employment

Years until normal retirement age

Underused contribution from prior years (special catchup)

Federal marginal rate

2024 §457(b) Picture

Base limit · §457(e)(15)

$23,000

Age 50+ catchup · §414(v)

Special 3-yr catchup (final 3 yrs)

Your max deferral 2024

$23,000

Federal tax saved

State tax saved (est.)

Governmental 457(b) stacks with 403(b)/401(k): you can max BOTH plans the same year. No early-withdrawal 10% penalty on 457(b) after separation. Special 3-year catchup CANNOT be combined with age-50 catchup.

Have a preparer review your 457(b) strategy

2024 figures: $23,000 base (§457(e)(15)), $7,500 age-50 catchup (§414(v)), special 3-yr final catchup up to 2x limit ($46,000) per §457(b)(3). Educational tool, not tax advice. Call 689-331-5723 or email info@zerofusstaxes.com.