2025 retirement plan contribution limits

Here are the 2025 retirement plan contribution limits:

  401(k), 403(b), and Thrift Savings Plan (TSP):
    -Employee contribution limit: $23,500.
    -Catch-up contributions (age 50 and over): $7,500.
    -Special catch-up contributions (ages 60 to 63): $11,250. IRS

  Individual Retirement Accounts (IRAs):
    -Contribution limit: $7,000.
    -Catch-up contributions (age 50 and over): $1,000. IRS

  SIMPLE IRA and SIMPLE 401(k):
    -Contribution limit: $16,500.
    -Catch-up contributions (age 50 and over): $3,500. IRS

  SEP-IRA:
    -Contribution limit: The lesser of $70,000 or 25% of compensation. IRS

Please note that income limits may affect the deductibility of traditional IRA contributions and eligibility for Roth IRA contributions. Additionally, the total annual contribution limit for defined contribution plans (including both employee and employer contributions) is $70,000. IRS

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