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When most people think of 401(k) contribution limits, they are thinking of the elective deferral limit, which is $23,000 for 2024 ($23,500 in 2025). This is the maximum amount you are allowed to ...

the IRS limits the amount of compensation eligible for 401(k) contributions to $350,000. That's an increase from the 2024 limit of $345,000. The IRS adjusts this limit every year based on changes ...

For 2025, it's $350,000; in 2024, it was $345,000. There is also an absolute limit, which is the total of all contributions to a 401(k) plan. For 2025, it's $70,000 if you are under 50 years old ...

The income limit changes will make more taxpayers eligible for IRA tax deductions and the Saver's Credit. With contribution limits rising for 2024, savers may want to review their retirement plan ...

Unfortunately, not all employees can take advantage of the maximum 401(k) contribution limits. Individuals considered highly compensated employees, or HCEs, will be limited as to how much they can ...

which is above the 2024 401(k) limit of $23,000. Employer matches don’t count toward this limit and can be quite generous. However, the total contribution limit, which includes employer ...

However, the amount a worker can save in a SIMPLE IRA is less than what they can save in a 401(k). For 2025, the annual contribution limit for SIMPLE IRAs is $16,500, up $500 from 2024.

The 2025 401(k) contribution limit increased to $23,500, up from $23,000 in 2024. Employees age 50 and older can contribute an additional $7,500 for a total of $31,000. Workers ages 60 to 63 have ...

In 2025, you can save up to $23,500 in your Roth 401(k). That's a $500 bump up from 2024. If you're 50 and older, the catch-up contribution limit is $7,500, which was what it was in 2024.