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The limit on annual contributions to an IRA remains $7,000. The IRA catch‑up contribution limit for individuals aged 50 and over was amended under the SECURE 2.0 Act of 2022 (SECURE 2.0) to include an annual cost‑of‑living adjustment but remains $1,000 for 2025. The catch-up contribution limit that generally applies for employees aged 50 ...
The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. If you're age 50 or older, you're eligible for an additional $7,500 in catch-up contributions, raising your employee contribution limit to $30,500.
The IRS is raising the general 401(k) deferral limit to $23,500 for 2025, up from $23,000 in 2024. 1 Catch-up contributions are in addition to the general limit. People who qualify for the newly announced catch-up contribution can invest a maximum of $34,750 into their 401(k) for the year.
The 2024 contribution limit for 401(k) plans is $23,000. In 2025, that rises to $23,500. Those 50 and older can contribute more. Use our calculator to estimate your future balance.
Employees can contribute up to $23,500 to their 401(k) plan for 2025 vs. $23,000 for 2024. Anyone age 50 or over is eligible for an additional catch-up contribution of $7,500 for both...
The 401(k) catch-up contribution limit is $7,500 for those 50 and older. The limit on employer and employee contributions is $69,000. The 401(k) compensation limit is $345,000.
As a reminder, employees who are 50 and older are allowed to contribute additional money to their employer-sponsored retirement plan, known as a catch-up contribution. For 2024, the catch-up contribution is an extra $7,500 on top of the $23,000 limit for everyone else, for a total limit of $30,500.