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If you’re 50 or older, you can add up to $7,500 in catch-up contributions in 2024 and 2025 for a total of $30,500 this year and $31,000 next year. ... 401(k) limit increases to $23,500 for 2025 ...
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
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 ...
That's a $500 bump from the $23,000 elective deferral limit for 401(k) plan employee contributions in 2024. ... but an extra $500 invested can pay off over the long term. ... For employees aged 50 ...
Take a look at the standard contribution limits over the past several years to get a better idea of how the numbers have moved over time: Year 401(k) contribution limit (Under age 50)
For most folks 50 and up, the limit stays at $7,500 in 2025. That's the same as 2023 and 2024. ... 401(k) plan limits. 2025. 2024. Maximum elective deferral for most employees age 50 and older ...
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