The Internal Revenue Service has announced new retirement contribution limits for Americans. From 2025, contribution limits for 401(k), 403(b), and other plans will increase. Catch-up contribution limits for older individuals will also see adjustments. Income phase-out ranges for IRA contributions and Saver's Credit eligibility have been revised. These changes, effective from 2025, aim to help Americans boost their retirement savings.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.