
401(k) Contribution Limit Increases to Thirty Thousand Five Hundred Dollars for 2025
The Internal Revenue Service (IRS) has announced significant adjustments to the annual contribution limits for 2025, marking a notable increase for those saving through 401(k) plans. The maximum amount individuals can contribute to their employer-sponsored retirement accounts will rise to $30,500, up from the current limit of $22,500. This adjustment reflects inflationary trends and aims...
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