401k 2025 Maximum. The new contribution limit for 401(k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 currently, the internal revenue service said friday. Older workers can put more money than ever in their 401 (k)s starting next year under a new law meant to boost retirement savings for people in their early 60s.
For tax year 2025, employees can defer $23,500 into their 401 (k) and iras, a modest increase from the $23,000 contribution limit in 2024. Contribution limits for 401 (k), 403 (b), most 457 plans, and the federal government’s thrift savings plan will increase by $500 for 2025.