401k Max Contribution 2025 Ee And Er Ee. Hsa Contribution Limits For 2023 And 2024 Image to u The salary deferral limit for employees who participate in 401(k) plans, including the Thrift Savings Plan, as well as 403(b) and 457(b) plans, is increased to $23,500, up from $23,000. If you're age 50 to 59 or 64 or older, you're eligible for an additional $7,500 in catch-up contributions.
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For 2025, the maximum contribution limit rises to $23,500, a $500 increase from the 2024 limit of $23,000 If you're age 50 to 59 or 64 or older, you're eligible for an additional $7,500 in catch-up contributions.
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Workers age 50 and older can make additional catch-up contributions, with those in the 60 to 63 age group. The catch-up limit will remain the same, but there's a new catch-up contribution for those ages 60-63. Maximum contribution limits for 401(k) plans are rising by $500 for many workers in 2025
Maximum 401k Employee Contribution 2024 Venus Jeannine. The limit on catch-up contributions for people 50 or older also rose to $7500 from $6500 In 2023, employees will be able to contribute up to $22,500 a year, up from $20,500 to 401(k), 403(b) and other tax-advantaged employer savings plans
Hsa Contribution Limits For 2023 And 2024 Image to u. That means a worker over 50 years old can contribute a maximum of $30,000 next year. The standard 401(k) contribution limit for employees will rise to $23,500 in 2025.