Retirement Contributions Changing for 2025
September 20, 2024
Beginning January 1, 2025, the catch-up contribution limit is increasing for active participants in a calendar year.
Individuals between the ages of 50–59 can make an additional catch-up contribution of $7,500.
Individuals between the ages of 60–63 can make an additional catch-up contribution of $11,250.
Individuals above the age of 63 can make an additional catch-up contribution of $7,500.
The maximum retirement contribution for 2024 was $23,000. The maximum retirement contribution for 2025 will be announced by the IRS prior to the end of this calendar year. We will update this space accordingly when that is announced.