The IRS has announced new 401(k) catch-up contribution limits for 2025.

In its release Friday, the agency increased the 401(k) contribution limit to $23,500 for 2025. However, the catch-up contributions for savers aged 50 and over remain unchanged at $7,500.

The limits apply to workplace plans, including 401(k)s, 403(b)s and most 457 plans, along with the federal Thrift Savings Plan.

The IRS also announced individual retirement account limits and higher income limits for Roth IRA contributions for 2025.

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Starting in 2025, catch-up 401(k) contributions will be even higher for savers ages 60 to 63, thanks to a change introduced by Secure 2.0. The catch-up contribution for these investors will be $11,250 in 2025, for a total of $34,750.

The IRS announcement will be made in approximately a week After the agency announced dozens of inflation adjustments for 2025, including federal income tax brackets, higher capital gains brackets, a larger estate and gift tax exemption, and changes to earned income tax credit eligibility, among other things.