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401(k) plan limits. 2025. 2024. Maximum elective deferral for most employees age 50 and older (including catch-up contributions) $31,000. $30,500. Maximum elective deferral for employees 60, 61 ...
Now the general catch-up contribution for 401(k)s is staying the same at $7,500 in 2025. So for many savers aged 50 and over, the maximum 401(k) contribution in the new year will be $31,000.
The 2024 401(k) catch-up contribution limit is $7,500 for those 50 and older. Starting in 2025, if you’re 60 to 63, you will get a higher contribution limit than people in their 50s.
For employees aged 50 and older with a 401(k), the catch-up contribution limit will stay at $7,500 in 2025, the same as in 2024. That's on top of the standard $23,500 limit for everyone else ...
401(k) plan limits. 2024. 2025. Change. Maximum salary deferral for workers. $23,000. $23,500 +$500. Catch-up contributions for workers age 50 and older. $7,500
This combined limit for 2025 is $70,000, up from $69,000 in 2024. Catch-up contribution: If you're 50 or older, the IRS allows you to stash away more money in your 401(k) on top of the standard ...
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