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Newsweek

Newsweek

IRS Increases Limits for Pension and Retirement Plan Contributions

Newsweek
Summary
Nutrition label

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.

VR Score

93

Informative language

94

Neutral language

84

Article tone

semi-formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links