In 2025, you'll have the opportunity to sock away even more money in your 401(k) thanks to higher contribution limits.

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

In 2023, only 14% of employees maxed out their workplans, according to Vanguard's How America Saves report. In plans offering catch-up contributions, 15% of participants 50 or older contributed more,

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 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.

The agency last week announced increases to the standard deduction in its annual inflation adjustments for 2025. For single taxpayers and married individuals filing separately in tax year 2025, the standard deduction is rising to $15,000 — up $400 from 2024.

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,