Roth Ira Limits 2024 Catch Up 2024

Roth Ira Limits 2024 Catch Up 2024. To start, individuals can contribute up to $23,500 — an extra $500 from the 2024 limit — to their 401(k) plans in 2025, according to the irs announcement. Employees can defer $23,500 into workplace plans, a modest increase from $23,000.

For 2025, the roth ira contribution limit holds steady at the same level as 2024. If you intend to contribute to an individual retirement account in 2025, the maximum amount you can stash away is $7,000, the same as in 2024.