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401(k) plan limits. 2024. 2025. Change. Maximum salary deferral for workers. $23,000. $23,500 +$500. Catch-up contributions for workers age 50 and older. $7,500
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 ...
The IRS said on Friday it increased the annual employee deferral limit to $23,500, from $23,000 in 2024, ... Thrift Savings Plan. Catch-up ... catch‑up contribution limit for individuals aged 50 ...
The catch-up contributions are tax-deferred and allow age eligible participants to defer up to $30,000 for 2023 in their TSP account. Civilian employees may only contribute from regular pay (the standard pay for their grade plus applicable locality pay); they cannot contribute from bonuses or any overtime.
“Effective in 2024, high-wage earners over age 50 will be required to use the Roth option for catch-up contributions to their employer plan,” said Valadez, who noted that the high-wage income ...
In 2024, the maximum individual contribution was $23,000, but that's jumping up to $23,500 in 2025. ... Supercharged catch-up contributions. ... Income limits to claim saver's credit are increasing.