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The IRS recently announced that contribution limits for 401(k) retirement plans will increase in 2025, allowing workers to save more for their future. Beginning next year, employees can contribute ...
IRS raises 401(k) contribution limits, adds super catch-up for 60-63 year olds in 2025 ... For married couples filing jointly, the income phase-out range rose to between $236,000 and $246,000 ...
The catch-up contribution limit, for those 50 or older, is holding steady at $7,500. ... The amount of income subject to the tax is adjusted annually. In 2025, you’ll pay the tax on work income ...
Those older workers can make additional 401(k) contributions of $11,250 in 2025 instead for a total up to $34,750. Read more: 5 ways to boost your net worth now — easily up your money game ...
The super catch-up contribution amount is $11,250 for 2025, compared to the regular catch-up contribution amount of $7,500, which is available to those age 50 and older.
For 2025, the annual employee contribution limit for 401(k) plans is set to increase from $23,000 in 2024 to a record high of $23,500. That's the standard contribution limit for employees under ...
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 ...
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 ...
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