The IRS released inflation adjustments for next year, including contribution limits, IRA income limits, and salary thresholds for key and highly compensated employees.
There is good news for retirement savers as individual contribution limits will increase from $23,000 in 2024 to $23,500 in 2025 for 401(k) and IRA plans. The maximum income levels allowed to make deductible contributions to both traditional and Roth IRAs have also increased for 2025.
Want to learn more? Download Ubiquity’s 2025 IRS Contribution Limits Guide or reference 2024 limits here.
There is good news for retirement savers as individual contribution limits will increase from $23,000 in 2024 to $23,500 in 2025 for 401(k) and IRA plans. The maximum income levels allowed to make deductible contributions to both traditional and Roth IRAs have also increased for 2025.
Want to learn more? Download Ubiquity’s 2025 IRS Contribution Limits Guide or reference 2024 limits here.
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