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However, the total contribution limit, which includes employer contributions (and after-tax contributions, if your employer offers that feature), has increased to $70,000 in 2025, up from $69,000 ...
An after-tax 401(k) allows savers to put after-tax money into a 401(k) account, and that money can grow on a tax-deferred basis until retirement. When it comes time to take a distribution ...
The IRS places contribution limits on 401(k)s: For 2024, the contribution limit is $23,000, ... Saving for retirement on an after-tax basis in a Roth 401(k) means you pay taxes on your ...
There is also a maximum 401(k) contribution limit that applies to all employee and employer 401(k) contributions in a calendar year. This limit is the section 415 limit, which is the lesser of 100% of the employee's total pre-tax compensation or $56,000 for 2019, or $57,000 in 2020.
The new contribution limit for 401(k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 currently, the Internal Revenue Service said Friday.
For the 2025 tax year, the IRS is increasing the annual contribution limit for 401(k) plans by $500 from the current limit of $23,000 in 2024 to $23,500 in 2025.
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