IRS Contribution Limits for 2025

“The times, they are a’changing,” as Bob Dylan sings, and one thing that seems to always change with, with new rules, is filing your taxes. 

Specifically, the Internal Revenue Service (IRS) typically releases updates on an annual basis. Doesn’t this just make taxes more confusing?! We think so, but that’s why we want to help you cut through the clutter and pinpoint what actually matters to you when it comes to your retirement contributions! 

One thing that often changes, every year, are your Contribution Limits. These are caps that the government puts on specific funds, setting an amount you cannot exceed of tax-deferred money for your future. Keep in mind that we are not tax professionals, so we recommend that you work with your tax advisor for specific questions related to your annual tax filings. 

While the question comes up with almost every client, “Am I saving enough for retirement?,” these guides can help you gauge where your contributions fall. Are you close to the caps? Are your accounts still on target? Let’s take a look at this year’s new limit amounts!

Updated Contribution Limits

Depending on the type of retirement fund or funds you operate, the limits for what you can add to that account vary. For example, a 401(k) has a different permissible contribution total limit than a Roth IRA. 

The following limits will be utilized for 2025.

How a Financial Advisor Can Help

While my office team can’t file your taxes, we can provide advice to help you reach your financial goals! And, we focus on far more than your retirement. Perhaps you are ready for a college education savings plan for your child? Maybe you need to hone in on a household budget? We can help you navigate these waters, too.

Give me a call today, and we can take that first step with a financial advising meeting. Or, simply click here, and you can select a great time for you to have a free, no-obligation consultation.