iRS announces 2025 Limits

Thanks to inflation being tamed, the limits from 2024 have been slightly increased. Please see below. Limit Type For Calendar Year 2024 2023 2022 2025 Maximum Defined Benefit Plan Benefit (IRC §415(b))  $280,000 $275,000 $265,000 $245,000 Maximum DC Annual Addition (IRC §415(c))  $70,000 $69,000 $66,000 $61,000 Salary Deferral Limit (IRC §402(g)) $23,500 $23,000 $22,500 $20,500 Catch-up Limit for 401(k), … Continue reading iRS announces 2025 Limits