IRS raises 401(k) contribution limits, adds super catch-up for 60-63 year olds in 2025
Contribution limits for 401(k) and other workplace retirement plans rise for 2025. Sixty- to 63-year-olds get a super contribution for the first time.
IRS increases 401(k), other retirement plan contribution limits for 2025
The Internal Revenue Service (IRS) on Friday announced that it increased the amount that individuals can contribute to their 401(k) and other retirement plans to account for inflation. Each year, the IRS reviews tax thresholds and limitations for various ...
IRS announces 401(k) catch-up contributions for 2025
The IRS has announced the 401 (k) catch-up contribution limits for 2025. In 2025, the 401 (k) catch-up contribution limit will remain $7,500 in 2024. However, investors age 60 to 63 can save $11,250 for catch-up contributions based on changes enacted via Secure 2.0.
IRS announces 401(k) contribution limits for 2025
The IRS announcement comes roughly one week after the agency unveiled dozens of inflation adjustments for 2025, including federal income tax brackets.
IRS Increases Limits for Pension and Retirement Plan Contributions
The new contribution limits are part of the IRS' annual cost-of-living adjustments for pension plans and other retirement accounts.
IRS unveils IRA contribution limits for 2025
The IRS has unveiled the individual retirement contribution limits for 2025. In its announcement on Friday, the agency said the 2025 IRA contribution limit will be $7,000, unchanged from 2024. IRA catch-up contributions for investors age 50 and older will also stay the same, at $1,000.
IRS releases 2025 contribution limits
The Internal Revenue Service on Friday announced the 2025 contribution limits for 401(k) and Individual Retirement Arrangement plans.
The IRS just set 401(k) limits for 2025 — here’s how much you can save
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.
Saving for Retirement? Here Are 2025's IRA Contribution Limits.
The IRS just announced 2025's IRA contribution limits. So if you're someone who aims to max out your IRA, you'll want to pay attention. Currently, IRA contributions max out at $7,000 for workers under the age of 50 and $8,
How the IRS Catches Tax Cheats and Liars
When civil and criminal penalties don't deter people from skipping out on their taxes, the IRS has other tools it can use.
Here’s why Maryland paid the IRS $5.4 million in taxes
Maryland has paid $5.4 million to the Internal Revenue Service after a rare IRS audit of the state found it owed millions of ...
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Getting Paid Through PayPal, Venmo or Cash App? The IRS Wants to Know About It
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IRS Announces 401(K) Limit Increases to $23,500 for 2025, IRA Limit Remains $7,000
Image by PublicDomainPictures from Pixabay November 4, 2024 - WASHINGTON — The Internal Revenue Service has announced that ...
Flouting IRS rules, Carlsbad church gave $1,900 to school board candidates, and urged worshipers to as well
A Carlsbad church has asked for the return of two $950 donations it made weeks ago to each of two school board candidates, ...
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IRS announces pension and retirement plan contribution adjustments for 2025
The IRS on Friday announced an increase to the amount individuals can contribute to their 401(k) plans in 2025 — to $23,500 ...
An IRS Ruling Could Open Up 401(k) Matches for Student Loans, Medical Payments
The IRS has allowed workers at one company use 401(k) matching contributions to pay for medical and student loan expenses, ...
The IRS just announced big tax changes for 2025 — here’s what they are and how they could impact you
Car insurance premiums in America are through the roof — and only getting worse. But 5 minutes could have you paying as ...