The Internal Revenue Service increased the amount individuals can contribute to their 403(b) plans in 2025 to $23,500, up from $23,000 for 2024.
The IRS technical guidance regarding all of the cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2025 is available in IRS Notice 2025-55
Some important 2025 limits are provided below:
- 401(k), 403(b), 457(b) Elective Deferrals: $23,500
- 401(k), 403(b) Catch-up Contributions: $7,500
- 415(c) Limit: $70,000
- Annual Compensation Limit: $350,000
- HCE Compensation Limit: $160,000
- IRAs for individuals age 50 & above: $8,000
- Social Security Taxable Wage Base: $176,100
Additional Information
COLA Increases for Dollar Limitations on Benefits and Contributions (summary chart) (IRS)
401(k) limit increases to $23,500 for 2025, IRA limit rises to $8,000 (IRS)