2025 Retirement Plan Contribution Limits
The IRS recently released their 2025 guidance on Retirement Plan Contribution Limits. Each year, we produce a handy reference guide for clients that compares the new numbers with the previous years. Here are some items to pay particular attention to:
- Pretax or Roth 401k contributions increase from $23,000 to $23,500 for 2025. If applicable, don’t forget to recalculate your contribution percentages to hit the maximum!
- Catch-up Contributions have changed slightly!
a. For those ages 50-59, and those 64 and over, the Catch-Up limit is still $7,500.
b. For those individuals ages 60-63, the Catch-Up limit is now $11,250. - SEP IRA contribution limits increased to $70,000.
- The income limits to contribute directly to a Roth IRA increased to $150,000 for Single, and $236,000 for Married Filing Jointly.
a. If you make more than that, you may be eligible for a Back-Door Roth Conversion
Click here to view the entire chart.
Let us know if you have any questions on the information!
Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.
