Diamond Member Pelican Press 0 Posted November 1, 2024 Diamond Member Share Posted November 1, 2024 This is the hidden content, please Sign In or Sign Up 401(k) catch-up contributions limits 2025 Cecilie_Arcurs | E+ | Getty Images 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. More from Personal Finance: IRS announces new federal income tax brackets for 2025The IRS unveils higher capital gains tax brackets for 2025IRS announces ******* estate and gift tax exemption for 2025 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. This is the hidden content, please Sign In or Sign Up #401k #catchup #contributions #limits This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/158935-401k-catch-up-contributions-limits-2025/ Share on other sites More sharing options...
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