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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
The change applies to 401(k)s, 403(b)s, governmental 457 plans, and the federal government's Thrift Savings Plan. It created a higher catch-up contribution limit that applies to most employees ...
The catch-up contribution limit, for those 50 or older, is holding steady at $7,500. ... pay the tax on work income up to $176,100 (up from $168,600 in 2024). ... at least 500 hours a year for two ...
The IRS said on Friday it increased the annual employee deferral limit to $23,500, from $23,000 in 2024, for workplace plans, including 401(k)s, 403(b)s, governmental 457 plans and the federal ...
The IRS places contribution limits on 401(k)s: For 2024, the contribution limit is $23,000, with an additional $7,500 allowed in catch-up contributions for ... to a Vanguard 401(k) plan was 7.3 ...
The 2024 401(k) catch-up contribution limit is $7,500 for those 50 and older. Starting in 2025, if you’re 60 to 63, you will get a higher contribution limit than people in their 50s.
Individuals over 50 at the end of the calendar year can make annual 401(k) catch-up contributions up to $7,500 for 2024. With the 401(k) contribution limit at $23,000 for 2024, eligible ...
Come next year, you will be allowed to save a little more in your 401(k) on a tax-deferred basis than you can this year, unless you’re in your early 60s, ...
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