IRS Sets 401(k), IRA Contribution Limits for 2025

"Therefore, participants in most 401(k), 403(b), governmental 457 plans and the federal government's Thrift Savings Plan who are 50 and older generally can contribute up to $31,000 each year, starting in 2025," the IRS said.

Under a change made in Secure 2.0, a higher catch-up contribution limit applies for employees aged 60, 61, 62 and 63 who participate in these plans.

"For 2025, this higher catch-up contribution limit is $11,250 instead of $7,500," the IRS states.

The income ranges for determining eligibility to make deductible contributions to traditional Individual Retirement Arrangements (IRAs), to contribute to Roth IRAs and to claim the Saver's Credit all increased for 2025.

Here are the phase‑out ranges for 2025, as explained by the IRS:

• For single taxpayers covered by a workplace retirement plan, the phase-out range is $79,000 to $89,000, up from $77,000 to $87,000.
• For married couples filing jointly, if the spouse making the IRA contribution is covered by a workplace retirement plan, the phase-out range is $126,000 to $146,000, up from $123,000 to $143,000.
• For an IRA contributor who is not covered by a workplace retirement plan and is married to someone who is covered, the phase-out range is $236,000 to $246,000, up from $230,000 to $240,000.
• For a married individual filing a separate return who is covered by a workplace retirement plan, the phase-out range is not subject to an annual cost-of-living adjustment and remains between $0 and $10,000.
• The income phase-out range for taxpayers making contributions to a Roth IRA is $150,000 to $165,000 for singles and heads of household, up from $146,000 to $161,000.
• For married couples filing jointly, the income phase-out range is $236,000 to $246,000, up from $230,000 to $240,000. The phase-out range for a married individual filing a separate return who makes contributions to a Roth IRA is not subject to an annual cost-of-living adjustment and remains between $0 and $10,000.

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