Key dollar limits on workplace retirement plans, such as 401(k)s and IRAs, increase in 2025.
The maximum 401(k) contribution is $23,500. And catch-up limits change. People age 60 to 63 can put in an additional $11,250. The catch-up limit for other people born before 1976 is $7,500. These limits also apply to 403(b)s and 457 plans.
SIMPLEs have a $16,500 cap for 2025, plus $3,500 for individuals age 50 and older. If age 60-63 in 2025, the $3,500 catch-up figure is replaced with $5,250.
The 2025 contribution cap for traditional IRAs and Roth IRAs remains $7,000, plus $1,000 as an additional catch-up contribution for individuals age 50 and older.
The income ceilings on Roth IRA pay-ins are higher for 2025. Contributions phase out at adjusted gross incomes of $236,000 to $246,000 for joint filers and $150,000 to $165,000 for single filers.
2025 deduction phaseouts for traditional IRAs range from adjusted gross incomes of $126,000 to $146,000 for joint filers covered by 401(k)s and $79,000 to $89,000 for single filers and heads of household. If only one spouse is covered by the plan, the phaseout range for deducting contributions for the uncovered spouse is $236,000 to $246,000 of adjusted gross income.
The IRA qualified charitable distribution (QCD) cap is $108,000 for 2025. People who are age 70 1/2 or older can transfer up to $108,000 from their traditional IRAs directly to charity in 2025. QCDs can count as part of your required minimum distribution, but they are not taxable and they are not included in your adjusted gross income.
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