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For the 2025 tax year, the IRS is increasing the annual contribution limit for 401(k) plans by $500 from the current limit of $23,000 in 2024 to $23,500 in 2025. Those limits also apply to several ...
The contributions are also tax deductible and your employer may match them, depending on company policy. ... some key IRS changes are going into effect in 2025. 1. Contribution limit changes ...
In 2025, you'll be able to contribute up to $23,500 to your 401(k) if you're under the age of 50. That's a $500 increase from 2024. If you're 50 or older, you're allowed to make a catch-up ...
For 2025, the IRS has adjusted income tax brackets to accommodate rising wages. The 37% top tax rate applies to singles earning over $626,350 and married couples earning over $751,600 (an increase ...
The IRS on Tuesday announced its new inflation-adjusted tax brackets for 2025, with the annual income thresholds rising by about 2.8% from 2024 — the smallest jump in several years.
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 ...
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 ...
Image source: Getty Images. 401(k) contribution limits are increasing in 2025. Having access to a 401(k) is one of the top perks you can score from your job. This employer-sponsored retirement ...