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

The IRS Announced on Nov. 1, 2014 the amount that taxpayers can contribute to their 401(k) plans in 2025.

2025 Limit Contribution $23,500

2024 Limit Contribution $23,000

The Catch up Contribution for Individuals over 50 Years remains at $7,500

The IRA Contribution limit remains $7,000 . and the Catch up Contribution for People over 50 years old at $1,000