The U.S. IRS issued a release on 1 November 2024, highlighting Individual contribution limits for 2025 including increased 401(k) limit and unchanged IRA limit. --- 401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000 WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024. The IRS today also issued technical guidance regarding all cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2025 in Notice 2024-80, posted today on IRS.gov. Highlights...