401(k) catch-up contributions limits 2025

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401(k) catch-up contributions limits 2025

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The IRS has announced new 401(k) catch-up contribution limits for 2025.

In its announcement on Friday, the agency boosted the 401(k) contribution limit to $23,500 for 2025. But catch-up contributions for savers age 50 and older will remain unchanged at $7,500.

The limits apply to workplace plans, including 401(k)s, 403(b)s, and most 457 plans, along with the federal Thrift Savings Plan. 

The IRS also unveiled individual retirement account limits and ******* income thresholds for Roth IRA contributions for 2025. 

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Starting in 2025, 401(k) catch-up contributions will be even higher for savers age 60 to 63, thanks to a change enacted via Secure 2.0. The catch-up contribution for these investors will be $11,250 in 2025 for a total of $34,750.

The IRS announcement comes roughly one week after the agency unveiled dozens of inflation adjustments for 2025, including federal income tax brackets, higher capital gains brackets, a ******* estate and gift tax exemption, changes to eligibility for the earned income tax credit, among others.

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