In 2025, you can contribute up to $23,500 if you are under the age of 50.
The government allows for “catch-up contributions,” which aims to encourage those age 50 and over to make additional contributions as retirement approaches. The annual limit on catch-up contributions for individuals who attain age 60, 61, 62, or 63 in 2025 is $11,250. For everyone else over 50, you can contribute an additional $7,500. Limits are subject to change each year, so check for the latest IRS guidelines.
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