Contribution Limit Increases For Tax Year 2025 For 401(k)s and IRAs

2025 401k Contribution Limits. Total 401k Limit 2025 Mercedes J. Oates Employer plus employee contributions: 2025: $70,000 (up $1,000 from 2024) 457(b) Plans. There's a brand new extended catch-up contribution provision for savers aged 60 to 63

2024 2025 401k/403b/457/TSP Elective Deferral Limit SECURE 2.0 added an additional catch-up contribution to those 60 to 63 of $3,750

401k Contribution Limits 2025 Over 50 Michelle T. Miller

In 2025, the 401(k) contribution limit for participants is increasing to $23,500, up from $23,000 in 2024 Employees aged 60 to 63 can make a larger catch-up. There's a brand new extended catch-up contribution provision for savers aged 60 to 63

2025 Solo 401k Contribution Limits 2025 Claudia Becker. If you are age 50 or over by December 31, the catch-up contribution limit is $7,500 in 2024 The 401(k) plan is a primary retirement savings tool, and the IRS sets annual contribution limits

401k Contribution Limits 2025 Company Match Beckett Lawson. Employees aged 60 to 63 can make a larger catch-up. The IRA catch‑up contribution limit for individuals aged 50 and over was amended under the SECURE 2.0 Act of 2022 (SECURE 2.0) to include an annual cost‑of‑living adjustment but remains $1,000 for 2025