How Much Can You Contribute to a 457 Retirement Plan for 2020?

State and local government workers can contribute $500 more to their 457 plans in 2020 than they could in 2019. Some workers can make additional catch-up contributions, too.

A piggy bank next to a note with 457 plan written on it
(Image credit: Getty Images)

Employees of state and local governments can stash slightly more money in their 457 plans this year. Plus, the catch-up contribution has increased by $500 this year for those 50 and older.

>>For more 2020 tax changes, see Tax Changes and Key Amounts for the 2020 Tax Year.<<

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Rivan V. Stinson
Ex-staff writer, Kiplinger's Personal Finance

Rivan joined Kiplinger on Leap Day 2016 as a reporter for Kiplinger's Personal Finance magazine. A Michigan native, she graduated from the University of Michigan in 2014 and from there freelanced as a local copy editor and proofreader, and served as a research assistant to a local Detroit journalist. Her work has been featured in the Ann Arbor Observer and Sage Business Researcher. She is currently assistant editor, personal finance at The Washington Post.