The IRS has announced cost-of-living-adjustments (COLAs) affecting the dollar limits related to retirement and health savings accounts for the 2025 tax year, including the 402(g) limit for 401(K) and 403(b) basic salary deferral limit, which has increased to $23,500, up $500 from $23,000 in 2024, and the 415(c) limit has been raised to $70,000 (total of Employee and Employer contributions).

Starting Jan. 1, 2025, individuals aged 60 to 63 will be eligible for a "Super Catch-Up" contribution to their retirement accounts, allowing them to contribute an additional $11,250 on top of the standard contribution limit, which is considered a significant increase compared to the regular catch-up limit for those aged 50 and older. 

Please see key limits below for 2025:

• The General Catch-Up is remaining at $7,500. Individuals who attain the age of 60, 61, 62, and 63 are now eligible for a Super Catch-Up to $11,250. During the year an individual turns 64, they are only eligible for the General Catch-Up. For more information, please refer to the Retirement Savings for Current Employees page.