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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 ...
The super catch-up contribution amount is $11,250 for 2025, compared to the regular catch-up contribution amount of $7,500, which is available to those age 50 and older.
The 401(k) is a go-to account for workers to build their retirement savings, and the IRS has just announced updates that could shake things up in 2025. On Nov. 1, the 2025 contribution limits were ...
In 2025, 401(k) limits are going up. The maximum allowable contribution for workers under 50 is rising by $500 to $23,500. ... the ages of 60 and 63 in 2025 -- a super catch-up contribution of ...
Employees who are at least 50 years old at any time during the year are now allowed additional pre-tax "catch up" contributions of up to $6,000 for 2015–2019, and $6,500 for 2020–2021. [40] [37] The limit for future "catch up" contributions may also be adjusted for inflation in increments of $500. In eligible plans, employees can elect to ...
Just a few years ago, in 2020, the standard contribution limit was $19,500. Now, you'll be able to sock away an additional $4,000 into your 401(k) in 2025.
For 2024 and 2025, that amount is an additional $7,500 within the calendar year. ... The aim of boosting these catch-up contribution limits is to help older Americans getting close to retirement ...
For 2025, you’ll be able to increase your annual contribution to your 401(k), 403(b), governmental 457 plans, and the federal government's Thrift Savings Plan to $23,500, up from $23,000. The ...