Ira Limits 2025 Contributions Over 50

Ira Limits 2025 Contributions Over 50. Effective january 1, 2025, employers are permitted to make additional contributions to each participant in a simple plan in a uniform manner, provided that. For 2025, the annual contribution limits on iras increased by $500, bringing the total to $7,000.

The 2025 roth ira income limits are $161,000 for single tax filers and $240,000 for those married filing jointly. In 2023, the contribution limits were $6,500, or $7,500 for taxpayers who are 50 or older.