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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
There's a similar catch-up provision for 401(k)s for those in the 60-63 age group, which increases the catch-up contribution to $10,000 or 150% of the standard catch-up contribution, whichever is ...
In 2025, 401(k) limits are going up. The maximum allowable contribution for workers under 50 is rising by $500 to $23,500. ... ages of 60 and 63 in 2025 -- a super catch-up contribution of $11,250 ...
The IRA catch‑up contribution limit for individuals aged 50 also stayed at $1,000 for 2025, after a cost-of-living adjustment, the IRS said. ... IRS sets 401(k) limits for 2025, adds new catch ...
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 ...
People who are between 60 and 63 have a higher catch-up limit of $11,250 for a total of $34,750 in tax year 2025. Here's how age groups stack up on average and median 401(k) balances as of 2024: Age
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
For example, if someone is 59 in March but turns 60 in September 2025, according to the IRS, they could contribute up to the maximum of $34,750 in a 401(k) plan in 2025. For 2025, the higher catch ...
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