The U.S. IRS issued a release on 1 November 2024, highlighting Individual contribution limits for 2025 including increased 401(k) limit and unchanged IRA limit.
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401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000
WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024.
The IRS today also issued technical guidance regarding all cost of living …