401k 2025 Contribution Limit Irs Over 60

401k 2025 Contribution Limit Irs Over 60. The individual contribution limit for simple iras will rise to $16,500 in 2025, up from $16,000 in 2024. It permits those aged 60 through 63 to contribute $11,250 instead of $7,500 in 2025, according to the irs’s update.


401k 2025 Contribution Limit Irs Over 60

It permits those aged 60 through 63 to contribute $11,250 instead of $7,500 in 2025, according to the irs’s update. However, individual retirement account (ira) contributions will continue to be $7,000 in 2025, the same as in 2024.

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