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section 408(k) or (p)) for 2025 must be designated Roth contributions, remains $145,000. The limitation under section 408(p)(2)(E)(i)(III) that generally applies to salary reduction contributions under a SIMPLE retirement account or elective contributions under a SIMPLE 401(k) plan is increased from $16,000 to $16,500.

Until then, here are the limits for 2025 retirement plan contributions. 2025 401(k) and 403(b) Employee Contribution Limit. The total employee contribution limit to all 401(k) and 403(b) plans for those under 50 will be going up from $23,000 in 2024 to $23,500 in 2025. The catch-up contribution limit will stay the same at $7,500 in 2025, so if ...

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 ...

The IRS has released the updated contribution limits for retirement plans in 2025. These changes apply to 401(k), IRA, SIMPLE IRA, and SEP IRA plans. The MAGI (Modified Adjusted Gross Income) phaseout ranges for IRA contributions will also increase in 2025. Key Changes for 2025 Retirement Plan Contribution Limits 401(k), 403(b), 457 Plans: The contribution limit will increase to $23,500, up ...

2025 Adjusted Amounts. SIMPLE Retirement Plans – The limitation amount for elective contributions will be increased from $16,000 to $16,500. The limitations for other SIMPLE Accounts will remain at $17,600. For employees 50 and over who participate in a SIMPLE plan, the catch-up contribution limit remains $3,500 for 2025.

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. An important note: Beginning in 2025, those between ages 60 and 63 will be eligible to ...

SIMPLE IRA and SIMPLE 401(k) catch-up limit (age 50-59 and 64+) ... For 2025, the limit on catch-up contributions is $7,500, except in the case of Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) plans for which the limit is $3,500 (both unchanged from 2024). Due to changes under the Act, beginning in 2025, the catch-up ...

Catch-Up SIMPLE 401(k) and Simple IRA Contribution Limit: $3,500: $3,500 . ... (HCEs) for determining how much HCEs can contribute to their employers’ 401(k) plans increases in 2025 to $160,000, up from $155,00 in 2024. Individual Retirement Accounts

2025 401(k) and IRA contribution limits: This year, 401(k) participants can contribute up to $23,500. This is an increase from last year’s $23,000. ... For employees aged 50 or older, the catch-up contribution limit for most SIMPLE accounts remains at $3,500. The SECURE Act 2.0 also allows participants aged 60, 61,62, and 63 to have a higher ...

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.

Highlights of changes for 2025. The annual contribution limit for employees who participate in 401k, 403b, governmental 457 plans, and the federal government's Thrift Savings Plan is increased to $23,500, up from $23,000. ... The amount individuals can generally contribute to their SIMPLE retirement accounts is increased to $16,500, up from ...

The catch-up contribution limit for employees 50 and over who participate in SIMPLE IRA plans remains an additional $3,500 for 2025, bringing total potential contributions for those over 50 to ...

In 2025, the total limit for 401(k) contributions for those aged 60 to 63 is $34,750. That number includes a $23,500 contribution limit and a catch-up contribution of $11,250.

2024 2025 SIMPLE 401k and SIMPLE IRA Contribution Limit. ... 2024, the catch-up contribution limit in a SIMPLE 401k or SIMPLE IRA plan is $3,500 in 2024 ($3,850 for smaller employers). It will be the same $3,500 in 2025 for ages 50-59 and 64 and over and $5,250 for ages 60 through 63.

IRS 401(k) limit 2025. Contribution limits for 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan will increase by $500 for 2025. Eligible taxpayers can contribute ...

2025 401(k) Contribution Limits. Whether you are an employee of a business or self-employed, you may contribute more to your 401(k), 403(b), 457 plans, and the Thrift Savings Plan (TSP). The annual limit will increase by $500 in 2025. The catch-up limit will remain the same, but there’s a new catch-up contribution for those ages 60-63.

Of note, the 2025 pretax limit that applies to elective deferrals to IRC Section 401(k), 403(b) and 457(b) plans increased from $23,000 to $23,500. ... SIMPLE IRA and SIMPLE 401(k) contribution limit. IRC Section 408(p)(2)(E) $16,000. $16,500. Compensation amount for control employees for fringe benefit valuation purposes.

401(k), 403(b), Eligible 457s, and Thrift Savings Plan Contribution Limits Are Going Up Again in 2025. On November 1, the IRS announced 401(k) and IRA contribution limits for 2025. 1 For the second straight year, the contribution limits for 401(k)s, 403(b)s, eligible 457s, and Thrift Savings plans increased by $500 from $23,000 to $23,500.From 2022 to 2023, there was a $2,000 increase for ...

Discover the increased retirement plan contribution limits for 2025, including updates for 401(k)s, IRAs, HSAs, and more. Learn how to maximize your savings and prepare for the future. ... Consider a Mega Backdoor Roth Solo 401(k). SIMPLE IRAs. The 2025 limit for SIMPLE IRAs is $16,500, with an additional catch-up contribution of $5,000 for ...