401k Deferral 2025. The 401k/403b/457/tsp contribution limit is $23,000 in 2024. Starting in 2025, the 401 (k) employee deferral limit will jump to $23,500, up from $23,000 in 2024.
If you’re 60, 61, 62, or 63 in 2025, you may be able to leverage this provision to increase your savings. However, individual retirement account (ira) contributions will continue to be $7,000 in 2025,.
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