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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 ...

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. They can save up to $11,250 instead of the ...

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 ...

Defined Contribution Plans 2025 2024 Change; Maximum employee elective deferral (age 49 or younger) (1) $23,500: $23,000 +$500: Employee catch-up contribution (age 50 or older by year-end) (2)

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 you're 50+, your 401(k) employee contribution limit will be $31,000 in 2025.

401(k) contribution limit for 2025. $23,500. $70,000. $7,500 (50 to 59 or 64+), $11,250 (60 to 63, if allowed) The catch-up contribution limit for those 50 and older who participate in one of ...

2025 IRS updates to benefit contribution Limits & Thresholds. Each year, the IRS adjusts key tax thresholds and benefit limits to account for inflation, and 2025 is no exception The following table provides a side-by-side comparison of the 2025 IRS thresholds and limits versus those from 2024, highlighting updates that could impact your financial planning and tax strategies.

2025 contribution limit; 401(k), 403(b), most 457 plans, Thrift Savings Plan: $23,500: Individual retirement account (IRA) $7,000: Roth IRA: $7,000: Catch-up contributions for 401(k)s and 403(b)s for people age 50 and older for 2025 remain unchanged from 2024 at $7,500. Catch-up limits for IRAs and Roth IRAs also remain the same for 2025 at $1,000.

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 ...

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 $23,500 to these accounts ...

A new catch-up contribution limit has been put in place for those age 60-63. Phase-out ranges for IRA contribution deductibility have increased. 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 individuals contributing to an IRA, the ...

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.

The maximum retirement contribution limit for 401(k) plans just jumped to $70,000 for 2025. That's right - $70,000! Free Tools. THE MONEY PLAN GUIDE. RETIREMENT PLANNING WORKSHEET. ... You've got $23,500 to play with in your 401(k) for 2025. That's $500 more than last year to help build your dream retirement. Here's what I've learned works best:

The updated limits for 2025, as compared to last year's limits, are set forth in our charts. Skip to main content | Add a bookmark to get started. Bookmarks info ... Qualified retirement plan contribution limits 2024 2025; Section 401(k) and 403(b) plan elective deferral limit (Code Section: 402(g)(1)) $23,000: $23,500:

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 ...

The IRS raised the 401(k) contribution limit for 2025 to $23,500, which is up from $23,000 in 2024. These limits also apply to 403(b) and 457 plans. For individuals aged 50 and older, the standard catch-up contribution limit remains unchanged at $7,500. However, those between the ages of 60 and 63 now have a new catch-up contribution limit of ...

The IRS has announced a new contribution limit of $23,500 for 401(k) plans in 2025, up from $22,500 in 2024. This limit applies to employee pre-tax contributions and Roth contributions. By contributing the full allowable amount, employees can take advantage of tax-deferred or tax-free growth, depending on their chosen contribution type.

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 ...

In 2025, workers under 50 can contribute up to $23,500 to a 401(k), whereas with an IRA, the limit is only $7,000. The catch-up contributions associated with 401(k)s are also higher.