HOW MUCH CAN YOU PUT INTO YOUR SAVINGS PLAN?
Each year the Treasury Department announces how much you are allowed to put into your retirement savings accounts. Some years the amount remains flat while other years you will see an increase in the contribution limit.
2025 Tax Year Summary
Here is an overview of the changes for 2025. You can download the flyers below for detailed information on all retirement plan types.
The annual contribution limit for employees who participate in 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan is $23,500 for 2025—a welcome increase from $23,000 in 2024.
Roth IRA adjusted gross incomes (AGI) phase-out limits were increased. For singles and heads of household, the income phaseout range is $150,000 to $165,000 in 2025, up from $146,000 to $161,000 in 2024. The amount for married couples filing jointly went up to $236,000 to $246,000, up from $230,000 to $240,000 in 2024.
The 2025 income limits for the saver’s credit are $79,000 for married couples filing jointly (up from $76,500 in 2024), $59,250 for heads of household (up from $57,375 in 2024); and $39,500 for singles and married filing separately (up from $38,250 in 2024).
| ACCOUNT TYPE | 2024 PLAN CONTRIBUTION LIMIT | 2025 PLAN CONTRIBUTION LIMIT |
| IRA | $7,000 Over 50 Additional Catch-Up Contribution Allowed: $1,000 | $7,000 Over 50 Additional Catch-Up Contribution Allowed: $1,000 |
| ROTH IRA | $7,000 Over 50 Additional Catch-Up Contribution Allowed: $1,000 | $7,000 Over 50 Additional Catch-Up Contribution Allowed: $1,000 |
| 403(b) | $23,000 Over 50 Additional Catch-Up Contribution Allowed: $7,500 | $23,500 50-59 and 64+ Catch-up Contribution Allowed: $7,500 60-63 Catch-Up Contribution Allowed: $11,250 |
| 457 | $23,000 Over 50 Additional Catch-Up Contribution Allowed: $7,500 | $23,500 50-59 and 64+ Catch-up Contribution Allowed: $7,500 60-63 Catch-Up Contribution Allowed: $11,250 |
| 401(k) | $23,000 Over 50 Additional Catch-Up Contribution Allowed: $7,500 | $23,500 50-59 and 64+ Catch-up Contribution Allowed: $7,500 60-63 Catch-Up Contribution Allowed: $11,250 |