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For employees aged 50 and older with a 401(k), the catch-up contribution limit will stay at $7,500 in 2025, the same as in 2024. ... 401(k) Plan Limits. 2025. 2024. Maximum elective deferral for ...
401(k) plan limits. 2025. 2024. Maximum elective deferral for most employees age 50 and older (including catch-up contributions) $31,000. $30,500. Maximum elective deferral for employees 60, 61 ...
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 total possible contribution allowed in a 401(k) plan is $34,750 for those aged 60 through 63 in 2025. ... 401(k) catch-up limits in 2025 allow bigger contribution for some. Show comments.
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 updated the 401(k) contribution limits for 2025 and now allows people between 60 and 63 to save an additional $15,000 over four years. The IRS updated the 401(k) contribution limits for ...
The additional $7,500 that workers 50 and older are eligible to contribute to a 401(k) is known as a catch-up contribution. A SECURE 2.0 Act rule change that went into effect Jan. 1 now enables ...
Three significant 401(k) plan changes coming in 2025 are worth paying attention to, ... The 2024 401(k) catch-up contribution limit is $7,500 for those 50 and older. Starting in 2025, if you’re ...