Maximum Catch Up Contribution 2025. Simple Ira Catch Up Contribution Limits 2025 Letta Lilian On January 10, 2025, the IRS issued proposed regulations that provide guidance on numerus aspects of the new catch-up rules that will be effective in 2025 and 2026 including confirming that offering the higher catchup limit for employees ages 61 to 63 is optional Sixty- to 63-year-olds get a super contribution for the first time.
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The deferral limit is the greater of $5,000 or 150% of the normal "age 50" catch-up contribution limit for 2025 ($7,500) For example, the catch-up limit for those 50+ for 2024 was $7,500
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That means anyone who meets the age requirements can contribute a total of $31,000 to their workplace retirement plan. Contribution limits for 401(k) and other workplace retirement plans rise for 2025 SECURE 2.0 added an additional catch-up contribution to those 60 to 63 of $3,750.
2025 Max 401k Contribution With Catch Up 2025 Laura L. Allard. So, the IRS has announced that for 2025, the enhanced catch-up contribution limit for those 60-63 is $11,250. Thus the 2025 "super" catch-up equals $11,250 (150% x $7,500)
401k 2025 Contribution Limit Irs CatchUp Images References Andrew Bessa. The Roth catch-up wage threshold for 2024, which under section 414(v)(7)(A) is used to determine whether an individual's catch-up contributions to an applicable employer plan (other than a plan described in section 408(k) or (p)) for 2025 must be designated Roth contributions, remains $145,000. The catch-up contribution limit for Plan participants aged 50 or older remains at $7,500 for the 2025 tax year