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For 2025, 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 ...

Explore this handy chart, which shows the 2025 benefits plan limits and thresholds for 401(k) plans, health savings accounts, flexible spending accounts, and more.

The 401(k) contribution limit for 2025 is $23,500 for employee salary deferrals, and $70,000 for the combined employee and employer contributions. If you're age 50 to 59 or 64 or older, you're eligible for an additional $7,500 in catch-up contributions.

Here are the 2025 limits that are most relevant to 401(k) plans: Annual Additions. The limit on annual additions (i.e., contributions) to 401(k) and other defined contribution plans will increase to $70,000 (up from $69,000). Code § 415(c)(1)(A). Compensation. The annual limit on compensation that can be taken into account for contributions ...

2025 Retirement Plan Contribution Limits 1. 401(k), 403(b), and 457(b) Plans. Employee Contributions: Up to $23,500 (under age 50) Catch-up contribution: $7,500 (ages 50+); higher catch-up ($11,250) for ages 60–63; Total Combined Limit (Employee + Employer): $70,000; Roth Options: Available for 401(k), sometimes for 403(b) and 457(b) Plan ...

In 2025, the 401(k) contribution limit for participants is increasing to $23,500, up from $23,000 in 2024. Participants who are 50–59 and 64+ can save an additional $7,500 in 2025 in catch-up contributions.; There’s a brand new extended catch-up contribution provision for savers aged 60 to 63.

2025: 2024: Change: Maximum salary deferral (single taxpayers and married couples filing jointly) ... $2,500: No Change: Commuter Transit and Parking Limits. Qualified Transportation Benefit (monthly limits) 2025: 2024: Change: Transit passes and vanpool services (employer + employee) $325: $315 +$10: Qualified parking: $325: $315 +$10: 401k ...

For 2025, the standard 401(k) contribution limit increased to $23,500, up $500 from the 2024 limit of $23,000. This adjustment applies to 401(k) plans, as well as 403(b) plans, most 457 plans and the federal government's Thrift Savings Plan. While this may seem like a modest increase, it represents a continued trend of annual adjustments aimed ...

The annual employee contribution (also called elective deferral) limit for 401(k), 403(b), 457 and TSP plans is up $500 from $23,000 in 2024 to $23,500 for 2025. For employees aged 50 and over, the catch-up contribution remains unchanged at $7,500 for a total annual contribution limit of $31,000 for 2025.

401k and Retirement Plan Limits for the Tax Year 2025. On November 1, 2024, the Internal Revenue Service announced that the amount individuals can contribute to their 401k plans in 2025 has increased to $23,500, up from $23,000 for 2024. ... The income ranges for determining eligibility to make deductible contributions to traditional Individual ...

Qualified retirement plan contribution limits 2024 2025; Section 401(k) and 403(b) plan elective deferral limit (Code Section: 402(g)(1)) $23,000: ... An additional Medicare tax of 0.9 percent for employees only applies to all wages over specified income thresholds based on filing status ($250,000 for married filing jointly, $125,000 for ...

2025 401(k)/403(b)/401(a) Total Contribution Limit. ... The 401(a) compensation limit (the amount of earned income that can be used to calculate retirement account contributions) will increase from $345,000 in 2024 to $350,000 in 2025. This is always 5X the maximum 401(k) plan total contribution limit. ...

For 2025, the employee contribution limit for a 401(k) is $23,500. There’s also a catch-up contribution of $7,500 for individuals aged 50 and over. Those aged 60-63 can benefit from an even larger catch-up contribution of $11,250 as of 2025.

Employee 401(k) contributions: 2025: $23,500 (up $500 from 2024) The catch-up contribution limit for Plan participants aged 50 or older remains at $7,500 for the 2025 tax year. SECURE 2.0 added an additional catch-up contribution to those 60 to 63 of $3,750. Employer plus employee contributions: 2025: $70,000 (up $1,000 from 2024) 457(b) Plans ...

Starting in 2025, employees can contribute up to $23,500 into their 401(k) and 403(b) plans, most 457 plans, and the Thrift Savings Plan for federal employees, the IRS announced Nov. 1.

401(k) Contribution Limits For 2025, the annual contribution limit for 401(k) plans has increased to $23,500, up from $23,000 in 2024. This increase allows employees to save more for retirement through their workplace retirement plans. ... For 2025, the income limits for the Saver’s Credit have been adjusted. The credit is available to ...

401(k) Contribution Limits. In 2025, the contribution limit for 401(k) plans has increased, allowing employees to defer up to $23,000 of their salary into their accounts, up from $22,500 in 2024. This adjustment enables individuals to save more for retirement while enjoying the tax advantages that 401(k)s offer.

Here’s what you need to know for 2025. 401(k)s and 403(b)s. In 2025, you can defer up to $23,500 from your salary, with a total maximum contribution from all sources reaching $70,000, including employer matching and profit-sharing contributions. If you’re 50 or older, you can make an additional catch-up contribution of $7,500.

401(k) 2025 catch-up limit. There's no increase in catch-up contribution limits for taxpayers 50 and older for 2025. So, these taxpayers can still contribute an additional $7,500 in 2025 ($31,000 ...