What Is The Ira Contribution Limit For 2025

What Is The Ira Contribution Limit For 2025. In 2024 and 2025, that means you can contribute $7,000, or up to $8,000 if you’re age 50 and older. The contribution limit for 401(k) plans in 2025 is $23,500.

Excess contributions are taxed at 6% per year for. And, for singles and married couples filing separately, the amount increases to $39,500.