The IRS's contribution limit for 401(k) plans is higher in 2025, although the cap for IRAs is staying the same.

However, the limit for "catch-up contributions" -- currently $7,500 -- is staying the same in 2025. You're eligible to make catch-up contributions to your 401 (k) once you're 50 or older. So if you're at least 50 now or will turn 50 in 2025, the maximum amount you'll be eligible to put into your 401 (k) is $31,000.

The IRS has announced the cost‑of‑living adjustments for pension plans and other retirement-related items for tax year 2025.

Retirement savers can stash more money in their 401(k)s next year. Friday, the IRS announced cost-of-living adjustments for retirement plans and IRAs.

Every year, the amount of money you're allowed to contribute to an IRA or 401 (k) can change. And the IRS just announced 2025's contribution limits. Here's what you need to know. In 2025, you'll be able to contribute up to $23,500 to your 401 (k) if you're under the age of 50. That's a $500 increase from 2024.

The IRS has announced new 401(k) contribution limits for 2025. In its announcement on Friday, the agency increased the employee deferral limit to $23,500, up from $23,000 in 2024. The change applies to workplace plans, including 401(k)s, 403(b ...

The catch-up contribution limit that generally applies for people aged 50 and over who participate in most 401 (k), 403 (b), governmental 457 plans and the Thrift Savings Plan will be $7,500 in 2025, the same as it was in 2024, the IRS said.

The federal government places annual contribution limits to 401(k), 403(b)s, IRAs, and Thrift Spending Plans (TSP) to prevent high-earners from receiving more tax breaks than the average worker. The contribution limits are updated annually,