(k) contribution limits rise to $34,750 in 2025 for workers aged 60–63. Learn how Gen X and Boomers can benefit via IRS.

The catch-up contribution limit that applies to employees aged 50 and up enrolled in most 401(k), 403(b), governmental 457 plans and the Thrift Savings Plan will remain at $7,500 for 2025. Workers ...

The IRS has announced new 401(k) contribution limits for 2025. In its announcement on Friday, the agency increased the employee deferral limit to $23,500, up from $23,000 in 2024.

The Internal Revenue Service said Friday that 401(k) contribution limits will climb to $23,500 next year, meaning retirement savers will be able to tuck away a little more in 2025.

The IRS announced Wednesday it will increase 401(k) contribution limits to $23,000 (from $22,500 in 2023), a smaller increase than last year's record-breaking amount of $2,000, while limits for ...

Other Retirement Plan Contribution Changes for 2024. The 457(b) contribution limit will increase from $22,500 in 2023 to $23,000 in 2024. 457(b) plans have unique catch-up contribution rules that ...

Amid recession fears in bear market, experts say 401(k) investors should think long term 04:58. The IRS on Friday said it is boosting the 2023 contribution limits for 401(k)s by a record $2,000 ...

The IRS said Friday that the maximum contribution that an individual can make in 2023 to a 401(k), 403(b) and most 457 plans will be $22,500. That’s up from $20,500 this year. People aged 50 and over, ...

Contributions to traditional IRAs and after-tax Roth IRAs will increase as well – to $6,500 from $6,000 currently, an 8.3% rise. But the IRA catch-up contribution limit stays the same at $1,000.