2025 Ira Contribution Limits Catch Up. The annual contribution limit for a traditional ira in 2023 was $6,500 or your taxable. 2025 simple ira contribution limits for over 50 beth marisa, employees can invest more money into 401 (k) plans in 2025, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2025.
The irs has announced the 2025 contribution limits for retirement savings accounts, including contribution limits for 401 (k), 403 (b), and 457 (b) plans, as well as income limits for ira contribution deductibility. You can contribute a maximum of $7,000 (up from $6,500 for 2023).