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It’s official! IRS announces 401(k) contribution limits for 2025

The annual contribution limit for employees participating in government 401(k), 403(b), 457 plans and the federal government’s Thrift Savings Plan will increase from $23,000 for 2024 to $23,500. Catch-up contributions The catch-up contribution limit for workers age 50 and older who participate in government 401(k), 403(b), 457 plans, and the federal government’s Thrift Savings Plan.