Irs Maximum 401k Catch Up Contribution 2025

Irs Maximum 401k Catch Up Contribution 2025. In particular, participants can now elect to defer up to $23,500 to 401(k), 403(b), and 457(b) plans in 2025 compared to $23,000 in 2024. To start, individuals can contribute up to $23,500 — an extra $500 from the 2024 limit — to their 401(k) plans in 2025, according to the irs announcement.

However, individual retirement account (ira) contributions will continue to be $7,000 in 2025, the same as in 2024. The irs has announced the new contribution limits for retirement accounts, including 401(k)s, for 2025.