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

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.

You may be able to save more for retirement soon thanks to an increase in the 401(k) contribution limit for 2025. The IRS adjusts contribution limits and other tax provisions for inflation each year.

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 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 Internal Revenue Service (IRS) has released Notice 2024-80, detailing the cost-of-living adjustments for retirement plans and Individual Retirement Accounts (IRAs) for the year 2025. These adjustments will affect millions of Americans saving for retirement, with several key limits seeing increases.

The IRS announcement comes roughly one week after the agency unveiled dozens of inflation adjustments for 2025, including federal income tax brackets.