Can I read 2025 IRS Retirement Plan Limits Update on EtoBox?

2025 IRS Retirement Plan Limits Update by rgxsm-ed is a document available to read on EtoBox.

What is 2025 IRS Retirement Plan Limits Update about?

The IRS has announced updated retirement plan limits for tax year 2025, including an increase in the elective deferral limit for 401(k) and 403(b) plans from $23,000 to $23,500. Other notable changes include the annual additions limit for defined contribution plans rising from $69,000 to $70,000 and the limit on annual benefits for defined benefit plans increasing from $275,000 to $280,000. Additionally, the catch-up contribution limit for ages 60-63 will increase from $7,500 to $11,250.

Author

rgxsm-ed

Language

EN