The IRS has announced an increase in the limit for 401(k) contributions for 2025. The new amount allowed to be deferred by employees will be $23,500. This is up from $23k for 2024. Don't forget to adjust your plan at the first of the year to maximize your benefit and deduction.
Accounting Link USA
Office Locations:
Miami, FL | Fort Lauderdale, FL | Cooper City, FL |
Charlotte, NC
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Miami, FL
33131