Source: The College Investor Key Points ・The IRS announced that 401k elective contributions will increase by $500 to $23,500 for 2025 ・The IRA contribution limits will remain the same in 2025 ・Starting in 2025,

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

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 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,

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

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.

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.