2025 401k Maximum. In 2025, the irs has forecasted an increase in the 401(k) elective deferral limit to $24,000, up by $1,000 from the current limit. The announcement of the 401k contribution limits for 2025 is anticipated to follow the same pattern and you can expect these updates by the irs in mid to late october 2024.
In 2025, the total limit for 401(k) contributions for those aged 60 to 63 is $34,750. For the 2025 tax year, the irs is increasing the annual contribution limit for 401(k) plans by $500 from the current limit of $23,000 in 2024 to $23,500 in 2025.