When doing retirement planning, it is important to keep with the annual updates made by the IRS especially in the case of 401(k) plans. Contribution limits are important in determining how much you can save in a year that will directly have an impact on your savings in the long-term and tax benefits. By 2025, the IRS has also implemented new limits on the contribution to 401k, which must be comprehended by the employees, employers and retirees. These developments may affect your savings plan, employer matching plans and catch-up plans. Knowing the updated 401k contribution limits 2025 ensures you…