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annual contribution limitNewsweek
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89% Informative
Contribution limits for 401(k) plans will rise in 2025 , allowing individuals to set aside up to $23,500 .
Employees enrolled in 403(b) plans and the federal government's Thrift Savings Plan will also see their annual contribution limit rise.
However, the annual contributions to an IRA account will remain at $ 7,000 for individuals aged 50 and over.
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