IRS Announces Increased Retirement Contribution Limits for 2025
On November 1, 2024, the Internal Revenue Service (IRS) announced several updates regarding retirement contributions for 2025. Key changes include an increase in the annual contribution limit for 401(k) plans and other similar retirement accounts. Contribution Limits for 2025 401(k) Plans: The contribution limit for employees participating in 401(k), 403(b), governmental 457 plans, and the […]