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For 2025, the higher catch-up contribution limit that applies to this age group is $11,250. That's $3,750 on top of the ordinary $7,500 catch-up limit that starts to apply in the year that a saver ...
Here's a table summarizing the contribution limits: 401(k) Plan Limits. 2025. 2024. ... Instead of the usual $7,500, you can set aside up to $11,250 in extra contributions in 2025.
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 ...
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 on Friday announced an increase to the amount individuals can contribute to their 401(k) plans in 2025 — to $23,500, up from $23,000 in 2024. The Internal Revenue Service detailed the ...
1. 401(k) contribution and catch-up limits are increasing A 401(k) has a pretty high contribution limit compared to other retirement accounts, which is partly why it serves as most people's main ...
[1] December 12, 2024 – Meeting of the Democratic National Committee's Rules and Bylaws Committee voted on the chair election process. [4] January 2025 – Four candidate forums featuring qualifying candidates will be held. [5] February 1, 2025 – Election to be held by party voting members at the DNC's Winter Meeting. [3]
If you're aiming to sock away the max in your 401(k) for 2025, now's the perfect time to start planning for the higher contribution limits.