News from the IRS
IRS increases 401(k) limit for 2025 but keeps IRA limit the same The Internal Revenue Service has announced that 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, as part of its annual cost-of-living adjustments. The catch-up contribution limit that generally applies […]
