IRS increases 401(k) limit for 2025 but keeps IRA limit the same
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The amount individuals can contribute to their 401(k) plans in 2025 has increased by $500 to $23,500, up from $23,000 for 2024, but the IRA limit remains $7,000.
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The IRS issued technical guidance on various cost?of?living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2025.
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Chartered Accountant at G.Satapathy and Company, Chartered Accountants
4 个月Thanks for sharing
Sr. Manager, Estimating and Pricing - Integrated Capture Excellence | Certified Public Accountant
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