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The catch-up contribution limit that applies to employees aged 50 and up enrolled in most 401(k), 403(b), governmental 457 plans and the Thrift Savings Plan will remain at $7,500 for 2025. Workers ...
The countdown to 2025 has started, and the IRS just dropped the new contribution limits for 401(k)s. ... 401(k) Plan Limits. 2025. 2024. Maximum elective deferral for employees. $23,500.
The catch-up contribution rate for participants ages 50 and over stayed the same as 2024 and remains at $7,500, with a maximum contribution of $31,000 for 2025. Simple IRAs and Simple 401(k) plans ...
In 2025, the catch-up contribution limit for 401(k)s is $7,500, unchanged from 2024. So if you're 50 or older by the end of 2025, you can put up to $31,000 into your 401(k). IRA limits for 2025
The IRS recently announced that contribution limits for 401(k) retirement plans will increase in 2025, allowing workers to save more for their future. Beginning next year, employees can contribute ...
The new contribution limit for 401(k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 currently, the Internal Revenue Service said Friday.