The IRS has announced the updated retirement plan contribution limits for 2025. Here’s a quick overview:

• 401(k), 403(b), governmental 457(b), and TSP: Employee elective deferral limit increases to $24,500 (up from $23,500 in 2025). Catch-up (age 50+): $8,000 (up from $7,500 in 2025). Ages 60–63 “super catch-up”: $11,250 (unchanged).
  • Including after-tax contributions, contributions can rise to $83,250 in certain cases. 
• IRAs (Traditional/Roth): Contribution limit increases to $7,500 (up from $7,000 in 2025). IRA catch-up (age 50+): $1,100 (up from $1,000 in 2025).
• SIMPLE IRA and SIMPLE 401(k): Employee deferral limit generally increases to $17,000 (up from $16,500 in 2025). Catch-up (age 50+): generally $4,000 (and $5,250 for ages 60–63).
• SEP IRA: Maximum employer contribution is up to 25% of compensation, capped by the $72,000 defined contribution limit for 2026 (up from $70,000 in 2025).
• Make the most of these increases to accelerate your retirement savings and secure a more comfortable future.
  

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