401k Contribution Limits 20245

401k Contribution Limits 20245. In 2023, this rises to $22,500. Your salary deferrals are subject to annual contribution limits set by the irs.


401k Contribution Limits 20245

This amount is up modestly from 2024, when the individual 401(k) contribution limit was $23,000, or $30,500 for employees who were 50 or older. The new contribution limit for 401(k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 currently, the internal revenue service said friday.

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