401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000

Nov 1, 2024 · The IRA catch‑up contribution limit for individuals aged 50 and over was amended under the SECURE 2.0 Act of 2022 (SECURE 2.0) to include an annual cost‑of‑living adjustment but remains $1,000 for 2025. The catch-up contribution limit that generally applies for …

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401(k) Limit Increases To $23,500 For 2025, IRA Limit Remains $7,000

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irs.gov

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What Exactly Is A ‘super Catch-up’ Contribution?

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Jan 3, 2025 · Standard 401(k) contribution limits will increase from $23,000 to $23,500 in 2025. The catch-up amount for participants who are 50 or older will remain at $7,500. But thanks to …

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New 401(k) Contribution Limits For 2025: Are Your Older Employees …

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Jan 31, 2025 · “In 2025, the catch-up contribution for individuals age 50 and older in a 401(k) plan is $7,500,” said Stephen Callahan, Trading Behavior Specialist at Firstrade.

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Why Those Between 60 And 63 Should Max Out Their 401(k) This …

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2 days ago · This limit is made possible by the SECURE 2.0 Act, which allows employees aged 60 to 63 to contribute an additional $33,500 in catch-up contributions. In 2025, you can …

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Super Catch-Up Contribution Limits For 401(k)s In 2025 - Nasdaq

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Dec 10, 2024 · As mentioned, for 2025, the super catch-up contribution limit is set at $11,250. Each year, this limit will be either $10,000 or 150% of the standard catch-up contribution limit, …

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Super-Catch-Up Retirement Contributions | Haefele Flanagan

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Dec 17, 2024 · Catch-up contribution limit : 50-59 at any time during tax year (regular catch-up limit) $7,500 (2025 limit, which will be indexed for annual cost-of-living increases in 2026 and …

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2025 Brings “Super” Catch-Up Contributions For Ages 60-63

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Dec 10, 2024 · What Are the New Super Catch-Up Contributions? For individuals aged 60-63, the enhanced catch-up contribution limit in 2025 is 150% of the standard age 50+ catch-up limit. ...

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Catch-Up Contribution: What It Is And How It Works | Vanguard

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Jan 17, 2025 · 401(k), 403(b), and 457 plans and the federal Thrift Savings Plan. For tax year 2024, the maximum contribution limit for these retirement plans is $23,000, with a $7,500 …

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FAQs about 401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000 Coupon?

What are the new super catch-up contributions in 2024?

In 2024, these limits allow older savers to contribute beyond the standard $23,000 annual deferral limit: What Are the New Super Catch-Up Contributions? For individuals aged 60-63, the enhanced catch-up contribution limit in 2025 is 150% of the standard age 50+ catch-up limit. ...

What is the 401(k) super catch-up limit for 2025?

The 401 (k), 403 (b), and governmental 457 (b) super catch-up applies to eligible plan participants who are between the ages of 60 and 63. The deferral limit is the greater of $5,000 or 150% of the normal “age 50” catch-up contribution limit for 2025 ($7,500). Thus the 2025 “super” catch-up equals $11,250 (150% x $7,500). ...

What is the enhanced catch-up contribution limit in 2025?

For individuals aged 60-63, the enhanced catch-up contribution limit in 2025 is 150% of the standard age 50+ catch-up limit. Once participants turn 64, they revert to the standard age 50+ catch-up contribution limit. How Does It Work? To qualify for the super catch-up contributions, participants must: ...

Does your retirement plan have a catch-up contribution limit?

So, each plan sponsor will decide whether to implement this feature in their retirement plans. This enhanced catch-up contribution limit is $10,000 or 150% of the standard age 50+ catch-up contribution limit, whichever is greater. For example, the catch-up limit for those age 50+ in 2024 is $7,500. ...

Will a 401(k) increase catch-up contributions in 2025?

Under SECURE 2.0, beginning in 2025, individuals ages 60 to 63 will be eligible for increased catch-up contributions in their retirement plans. This applies to 401 (k), 403 (b), and governmental 457 (b) plans that currently offer catch-up contributions. It’s also important to note that this change is optional for employers. ...

What is a super catch-up contribution limit?

You have to check with your company, plan sponsor or payroll provider to see if you can take advantage of this new feature. Once the employee turns 64, they revert to the standard age 50+ catch-up contribution limit of $31,000 for 2025. While super catch-up provisions look good on paper, not everyone is a fan of this new feature. ...