Contribution Limits
Each year, the IRS reviews the annual contribution limits. Increases don't happen every year, so be sure you know your limits.
Annual Contribution Limits on Retirement Benefits and Compensation
Whether you’re an employer who wants to help your employees work toward a secure retirement, or someone who wants to plan for your own future, this guide can help you narrow the focus and zero in on a retirement plan that could work for you in 2025.
| Limitation Type | 2025 | 2024 |
|---|---|---|
| Limit on employee contributions to Pre-tax and ROTH 401(k), 403(b), or 457 plans | $23,500 |
$23,000 |
| Limit on age 50+ catchup contributions to Pre-tax and ROTH 401k, 403b, or 457 plans | $7,500 |
$7,500 |
| Extended catchup contributions for ages 60-63 to Pre-tax and ROTH 401k, 403b, or 457 plans | $11,250 | Not Allowed |
| SIMPLE 401k or SIMPLE IRA contributions limit |
$16,500 | $16,000 |
| SIMPLE 401k or SIMPLE IRA age 50+ catchup contributions limit |
$3,500 | $3,500 |
| SIMPLE 401k or SIMPLE IRA ages 60-63 catchup contributions limit | $5,250 | Not Allowed |
| SEP-IRA contribution limit | $70,000 | $69,000 |
| Traditional and Roth IRA contribution limit | $7,000 | $7,000 |
| Traditional and Roth IRA age 50+ catchup contribution limit | $1,000 | $1,000 |
| Deductible IRA income limit, single, active participant in workplace retirement plan | $79,000–$89,000 |
$77,000–$87,000 |
| Deductible IRA income limit, married, active participant in workplace retirement plan | $126,000–$146,000 | $123,000–$143,000 |
| Deductible IRA income limit, married, spouse is active participant in workplace retirement plan | $236,000–$246,000 |
$230,000–$240,000 |
| Roth IRA income limit, single | $150,000–$165,000 | $146,000–$161,000 |
| Roth IRA income limit, married filing jointly | $236,000–$246,000 | $230,000–$240,000 |
Annual contribution rates are based on the IRS 2025 retirement plan limitations and are subject to change.
*Applies for determining highly compensated employees for the 2025 plan year. The limits stated above are subject to the provisions of the plan. Refer to your plan document or contact your plan consultant for more information.
The content of this document is for general information only and is believed to be accurate and reliable as of posting date but may be subject to change. Please consult your own independent advisor as to any investment, tax, or legal statements made herein.
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