The IRS has announced new 401(k) contribution limits for 2025.
The change applies 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 2025 catch-up contribution limits for savers age 50 and older, individual retirement account savings limits and higher income thresholds for Roth IRA contributions.
More from Personal Finance:IRS announces new federal income tax brackets for 2025The IRS unveils higher capital gains tax brackets for 2025IRS announces bigger estate and gift tax exemption for 2025Starting in 2025, the 401(k) catch-up contribution limit will remain at $7,500 for savers 50 and older.
Both amounts are above the $23,500 deferral limit for 2025.
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