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flag The IRS set 2025 retirement contribution limits at $23,500 for 401(k) and $7,000 for IRA accounts.

flag The IRS announced new retirement contribution limits for 2025. flag The 401(k) limit rises to $23,500, while the IRA limit stays at $7,000. flag Workers aged 50+ can add $7,500 in catch-up contributions, totaling $31,000. flag For those aged 60-63, the catch-up limit increases to $11,250, allowing for a total of $34,750. flag Additionally, income thresholds for IRA contributions and deductions have been adjusted. flag For more details, visit the IRS website.

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