Irs Limits 401k 2025. Those who are age 60, 61, 62, or 63 will soon be able to set aside. In 2025, the total contribution limit is projected to be $71,000.
Highly compensated employees (hces) are employees who earn more than the irs maximum allowable compensation. 401(k) contribution limits are set by the irs and typically increase each year.
401(K) Contribution Limits Are Set By The Irs And Typically Increase Each Year.
That's an increase from the 2023 limit of $330,000.
In 2024, Employees Under Age 50 Can Contribute A Maximum Of $23,000 To Their 401(K).
There are actually multiple limits, including an individual.
Irs Limits 401k 2025 Images References :
For 2024, The Irs Limits The Amount Of Compensation Eligible For 401(K) Contributions To $345,000.
In 2025, the total contribution limit is projected to be $71,000.
That's An Increase From The 2023 Limit Of $330,000.
Every year, the irs sets the maximum 401 (k) contribution limits based on inflation (measured by cpi).