IRS Sets Retirement Savings Contribution Limits for 2025 by Tony Gutierrez, CPA
Posted on January 09, 2025 by Anthony Gutierrez
Taxpayers can contribute more pre-tax dollars to their employer-sponsored retirement savings plans in 2025, but their contributions to Individual Retirement Accounts (IRAs) remain unchanged from the previous year. Employer-Sponsored Retirement Plans In 2025, employees may contribute up to $23,500 to a workplace 401(k), 403(b) and certain 457 plan, a $500 increase from the previous year. […]