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If you like to go big and max out your retirement accounts, you'll appreciate the latest news: The IRS is bumping up the standard contribution limit for 401(k) plans to $23,500 in 2025. That's up ...
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
In 2025, 401(k) limits are going up. The maximum allowable contribution for workers under 50 is rising by $500 to $23,500. And those 50 and over will be able to contribute an extra $7,500 for a ...
Employee contribution limit of $23,500/yr for under 50; $31,000/yr for age 50 or above in 2025; limits are a total of pre-tax Traditional 401(k) and Roth 401(k) contributions. [4] Total employee (including after-tax Traditional 401(k)) and employer combined contributions must be lesser of 100% of employee's salary or $69,000 ($76,500 for age 50 ...
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. IRS raises 401(k) contribution limits, adds ...
Some retirment savers can make larger 401(k) contributions in 2025 thanks to an obscure change made in the SECURE 2.0 act. A new supersize limit for some 401(k) contributions hits in 2025: What ...
The Saver's Credit provides a tax credit equal to 10%, 20% or 50% of the contributions you make to a 401(k) or other eligible retirement plan. The maximum credit is $1,000 for single tax filers or ...
Three significant 401(k) plan changes coming in 2025 are worth paying attention to, ... The 2024 401(k) catch-up contribution limit is $7,500 for those 50 and older. Starting in 2025, if you’re ...