U.S. OMNI - 2023 Maximum

Calculators

Maximum Allowable Contributions

The IRS elective contribution limit to a 403(b) for 2023 starts at $22500. If you are over the age of 50, your contribution limit increases to $30,000. The Fifteen Year Cap Expansion Option, commonly referred to as service-based catch up, may also be available to veteran employees having 15 years or more with their current employer and whose total past 403(b) annual contributions average under $5,000 per year of employment. This allowance has a $3,000 maximum amount per year with a lifetime maximum of $15,000. A qualified employee could, for example, contribute an additional $1,000 per year for 15 years to reach the $15,000 lifetime maximum.

Please Note: We cannot and do not guarantee the calculator's applicability or accuracy in regard to your individual circumstances.

Other Calculators

2023 Maximum Allowable Contributions (MAC)

The IRS has recently announced the 2023 Maximum Allowable Contribution (MAC) limits for 403(b) and 457(b) plans. Elective contribution limits will increase by $2,000 to $22,500 for 2023.

Limits

2022

2023

403(b)/457(b) Elective Deferrals

$20500

$22500

Catch-Up Contribution

$6500

$7500

Non-elective/Employer Contributions (Section 415(c))

$61000

$66000

Start or Change Your 2023 Contributions Now >>

Calculate Your 2023 MAC

Please Note: We cannot and do not guarantee the calculator's applicability or accuracy in regard to your individual circumstances.

2023 Base Limit: $22500
Year of Birth:
Number of years at employer:
Total $ of Past 403(b) Contributions with Current Employer:
Past Amount of Service Catch-up Used:

Total 2023 MAC: $22500