401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000 - IRS

IR-2024-285, Nov. 1, 2024 WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024.

By: Irs.gov

Nov 02 2024
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IR-2024-285, Nov. 1, 2024 WASHINGTON The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 f… [+4801 chars]

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