IRS Announces Changes to Contribution Limits for 2025
Here are some important contribution limits to be aware of for 2025:
|
Type of Account |
Individual Contribution Limit |
Catch-up Amounts |
| 401(k) |
$23,500 |
$7,500 (50-59 or 64+) $11,250 (60-63) |
| IRAs (Roth and Traditional) |
$7,000 |
50+ $8,000 |
| HSA – Single
HSA – Family |
$4,300 $8,550 |
55+ $1,000
|
| Business Retirement Plans | ||
| SEP-IRA |
$70,000 |
|
| Solo 401(k) |
$70,000 |
$7,500 (50-59 or 64+) $11,250 (60-63) |
