IRS announces pension and retirement plan contribution adjustments for 2025
Associated Press WASHINGTON (AP) — The IRS has announced an increase to the amount individuals can contribute to their 401(k) plans in 2025, to $23,500, up from $23,000 in 2024. The Internal Revenue Service detailed the increases on Friday in its annual cost-of-living adjustments for pension plans and other retirement accounts. The agency last week
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