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 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.
IRS increases pension and retirement plan contribution limits 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, up from $23,000 in 2024. The Internal Revenue Service detailed the increases in its annual cost-of-living adjustments for pension ...
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.
401(k) Contribution Limits Are Rising in 2025: Here's What Retirement Savers Need to Know
The catch-up contribution limit for those 50 and over will hold steady at $7,500. Most people should contribute at least enough to their 401(k) to snag their full employer match, but whether maxing out the annual limit makes sense for you will depend in part on your company's plan.
Here’s what the 2025 401(k), IRA contribution limits mean for you
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,
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 found the state owed millions of ...
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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 ...
IRS will allow larger contributions to 401(k), 403(b) plans and TSP; IRA remains same
The Internal Revenue Service announced on Friday that it will allow contributions of up to $23,500 for 401 (k) plans in 2025, ...
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IRS fee increases deter private letter ruling requests
Fee increases may be discouraging taxpayers from seeking private letter rulings from the Internal Revenue Service to resolve ...
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IRS Issues Final Regulations on Section 45X Credits for Advanced Manufacturing Production Credit
On October 24, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) issued final regulations (Final Regulations) on the ...
IRS boosts 401(k) contribution to $23,500 annually in 2025
The Internal Revenue Service raised the amount that individuals can contribute to their 401(k) plans in 2025 to $23,500 from ...
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IRS Announces Key Inflation Adjustments for 2025 Tax Year
The Internal Revenue Service (IRS) has released the annual inflation adjustments for tax year 2025, encapsulated in Revenue ...
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What Is the Internal Revenue Service (IRS)? Definition & History
The Internal Revenue Service, better known as the IRS, is the U.S. government agency responsible for collecting taxes from individuals and businesses, enforcing tax laws, and processing tax ...