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

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,

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

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.

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

The IRS just announced 2025's IRA contribution limits. So if you're someone who aims to max out your IRA, you'll want to pay attention. Currently, IRA contributions max out at $7,000 for workers under the age of 50 and $8,

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.