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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 ...
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 ...
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 ...
If you have a traditional 401(k), your contributions will reduce your taxable income for the year. Total contribution limits : In 2025, the employee-only limit is $23,500, up from $23,000 in 2024.
So whether your 401(k) balance currently sits at $50,000 or $2 million, you can make what catch-up contribution you're eligible for based on your age in 2025 -- either $7,500 or $11,250.
The new contribution limit for 401(k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 currently, the Internal Revenue Service said Friday. ... and those savings will ...
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