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It’s worth mentioning that the 401(k) limit for 2024 is $23,000, an increase from $22,500 last year. ... “Getting the overcontribution corrected before the next tax year ends is crucial to ...
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.
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 2025, the 401(k) limit for employee salary deferrals is $23,500, which is above the 2024 401(k) limit of $23,000. Employer matches don’t count toward this limit and can be quite generous.
Contribution limits for 401(k) and other workplace retirement plans rise for 2025. Sixty- to 63-year-olds get a super contribution for the first time. IRS raises 401(k) contribution limits, adds ...
The IRS this week announced it was raising the 401(k) contribution limit to $23,000, up from $22,500 currently. For anyone 50 or older, you will be allowed to put away an additional $7,500 in ...