The IRS has introduced new 401(k) catch-up contribution limits for 2025.

In its announcement on Friday, the company boosted the 401(k) contribution limit to $23,500 for 2025. However catch-up contributions for savers age 50 and older will stay unchanged at $7,500.

The boundaries apply to office plans, together with 401(ok)s, 403(b)s, and most 457 plans, together with the federal Thrift Financial savings Plan. 

The IRS additionally unveiled individual retirement account limits and larger earnings thresholds for Roth IRA contributions for 2025. 

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Beginning in 2025, 401(ok) catch-up contributions will likely be even higher for savers age 60 to 63, because of a change enacted through Secure 2.0. The catch-up contribution for these buyers will likely be $11,250 in 2025 for a complete of $34,750.

The IRS announcement comes roughly one week after the company unveiled dozens of inflation changes for 2025, together with federal income tax brackets, increased capital gains brackets, an even bigger estate and gift tax exemption, adjustments to eligibility for the earned income tax credit, amongst others.