401k Contribution Limit 2025 Catch Up Date. Catch Up 2025 401k Melanie Zerbe For workers aged 50 and older, the standard catch-up contribution limit for 2025 will be $7,500 on top of the new $23,500 base limit 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.
2025 401k Catch Up Limit Johnny A. Woodward from johnnyawoodward.pages.dev
Section 603 of SECURE 2.0 will require 401(k), 403(b), and governmental 457(b) plans that offer catch-up contributions to only accept catch-up contributions on a Roth basis if a participant's Federal Insurance Contributions Act (FICA) wages exceed $145,000 in the prior calendar year, indexed for inflation. SECURE 2.0 added an additional catch-up contribution to those 60 to 63 of $3,750
2025 401k Catch Up Limit Johnny A. Woodward
Contribution limits for 401(k) and other workplace retirement plans rise for 2025 In 2025, the total limit for 401(k) contributions for those aged 60 to 63 is $34,750 In total, plan participants over 50 may contribute up to $20,000 in 2025, and those up to age 63 may contribute $21,750.
401k 2025 Catch Up Contribution Limit Irs Robert B Ayala. this rule's effective date was postponed by Notice 2023-62 until taxable years beginning after December 31,. SECURE 2.0 added an additional catch-up contribution to those 60 to 63 of $3,750
Irs 401k Catch Up Contribution Limits 2025 Dawn R Henderson. The catch-up contributions associated with 401(k)s are also higher. Effective January 1, 2025, participants aged 60, 61, 62 or 63 in 401(k) plans, 403(b) plans, and non-governmental 457(b) plans can make a catch-up contribution that is the greater of (1) $10,000, or (ii) 150% of the regular catch-up limit ($11,250 for 2025) in addition to the $23,500 (for 2025) annual deferral contribution limit.