2025 401k Maximum Contribution Limit
2025 401k Maximum Contribution Limit. The simple ira and simple 401 (k) contribution limits will increase from $16,000 in 2024 to $16,500 in 2025. For tax year 2025, employees can defer $23,500 into their 401 (k) and iras, a modest increase from the $23,000 contribution limit in 2024.
However, individual retirement account (ira) contributions will continue to be $7,000 in 2025, the same as in 2024. Traditional ira contributions and magi limits (2025) taxpayers who meet the magi thresholds for traditional iras can deduct their contributions, but the amount of the deduction.