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In 2025, 401(k) limits are going up. The maximum allowable contribution for workers under 50 is rising by $500 to $23,500. And those 50 and over will be able to contribute an extra $7,500 for a ...
401(k) plan limits. 2024. 2025. Change. Maximum salary deferral for workers. $23,000. $23,500 +$500. ... as well as take the option to repay the loan tax-free over a three-year period.
The standard 401(k) contribution limits for 2025 are going up. Starting in 2025, employees can sock away up to $23,500 in their 401(k)s. That's a $500 bump from the $23,000 elective deferral limit ...
A 401(k) is a tax-advantaged account designed to help you save for retirement. ... contributions by the end of the year. 401(k) Contribution Limits in 2024. ... Individuals aged 50 and over can ...
For 2025, the annual employee contribution limit for 401(k) plans is set to increase from $23,000 in 2024 to a record high of $23,500. That's the standard contribution limit for employees under ...
For many workers in this category, the 401(k) limit remains unchanged from 2024 at $7,500. But thanks to the SECURE Act 2.0, those approaching the end of their career can now really supercharge ...