401k 2025 Tax Year Limits 2025 . IRS Releases 401(k), IRA Contribution Limits For 2025 CPA Practice Advisor (3) If covered by a retirement plan at work, the taxpayer's deduction for contributions The annual limit on compensation that can be taken into account for contributions.
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The IRS also issued technical guidance regarding all cost-of-living adjustments affecting dollar limitations. For 401(k) accounts, the 2025 contribution limit is $23,500, or $31,000 for employees over 50, and $34,750 for those age 60 to 63
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Contribution Limit Increases For Tax Year 2025 For 401(k)s and IRAs . For IRA plans, the limit remains $7,000, plus a $1,000 catch-up. generally applies for elective contributions made to a starter 401(k) deferral-only arrangement described in section 401(k)(16)(B) or a safe harbor deferral-only plan described in section 403(b)(16)(B), respectively, remains $6,000