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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 ...
For plans like a 401(k), 403(b), Thrift Savings Plan, some 457 plans and Simple IRAs and 401(k) plans, the total contribution limit for participants age 60 to 63 in 2025 is $34,750.
Saving for retirement will get a boost in 2025 thanks to higher contribution limits and the phase-in of ... Thrift Savings Plan to $23,500, up from $23,000. ... to the tax is adjusted annually. In ...
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
Contribution limits for 401(k) and other workplace retirement plans rise for 2025. ... government’s Thrift Savings Plan. Catch-up contributions for those participants aged 50 and up will remain ...
To help participants save more for retirement (while getting a tax break), the 401(k) contribution limit typically rises with inflation, and the limit will indeed increase in 2025. 3 Retirement ...
However, the total contribution limit, which includes employer contributions (and after-tax contributions, if your employer offers that feature), has increased to $70,000 in 2025, up from $69,000 ...
The maximum credit is $1,000 for single tax filers or $2,000 for married joint filers. Since credits reduce taxes on a dollar-for-dollar basis, they are very valuable, and a higher income limit to ...