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In 2025, the catch-up contribution limit for 401(k)s is $7,500, unchanged from 2024. So if you're 50 or older by the end of 2025, you can put up to $31,000 into your 401(k). IRA limits for 2025
Get a head start on your goals for next year by taking advantage of the 2025 contribution limits.
For 2024, the standard contribution limit is $7,000 and the catch-up contribution adds $1,000. The standard IRA contribution limit is adjusted for inflation over time. For example, it increased ...
The maximum amount allowed as an IRA contribution was $1,500 from 1975 to 1981, $2,000 from 1982 to 2001, $3,000 from 2002 to 2004, $4,000 from 2005 to 2007, $5,000 from 2008 to 2012, $5,500 from 2013 to 2018, and $6,000 from 2019 to 2022. In tax year 2023, the maximum amount allowed is $6,500. Beginning in tax year 2024, the limit is $7,000. [11]
Continue reading → The post Age Limits for IRA Contributions appeared first on SmartAsset Blog. When it comes to retirement savings, your age can have a major effect on things. Depending on ...
IRA limits aren't changing in 2025 Currently, IRA contributions max out at $7,000 for workers under the age of 50 and $8,000 for those 50 or older. In 2025, these limits are staying the same.
However, the IRS will hold the IRA annual contribution limits constant from 2024 to 2025 at $7,000. It's also maintaining the IRA catch-up contribution limit for individuals aged 50 and over at ...
The good news for savers is that the income limits are climbing for IRAs. 2024 IRA contribution and income limits: What retirement savers need to know Skip to main content
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