Richard L Ellis

401k 2025 Tax Year Limit Increase. Employees could contribute up to $22,500 to their 401(k) retirement savings plans for tax year 2023. The 401(k) 2025 employee contribution limit is $23,000, which is an increase of $500 from the previous year.

Of note, the 2025 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000. This amount is an increase of $500 from the 2023 401(k.