Irs 401k Annual Compensation Limit 2025

Irs 401k Annual Compensation Limit 2025. Installment agreement request popular for tax pros; The elective deferral limit for simple plans is 100% of compensation or $16,000 in 2025, $15,500 in 2023, $14,000 in 2022, and $13,500 in 2020 and 2021.


Irs 401k Annual Compensation Limit 2025

Section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement plans. The 401 (k) contribution limit for 2025 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.

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