2025 401k Limits And Catch Up Limits 2025. The magi (modified adjusted gross income) phaseout ranges for ira contributions will also increase in 2025. For 2025, eligible taxpayers can contribute $23,500 to their 401(k) account, up from $23,000 in 2024.

People aged 50 or older are eligible to make additional contributions to their 401(k) plans since they’re getting closer to retirement age and may need to catch up in their savings. These changes apply to 401(k), ira, simple ira, and sep ira plans.