limits

9+ Essential 457b 2025 Limits for the Workforce of 2025

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457b 2025 limits

9+ Essential 457b 2025 Limits for the Workforce of 2025

457b 2025 limits refer to the annual limit on the amount of money that can be contributed to a 457(b) plan, a tax-advantaged retirement savings plan for employees of state and local governments and certain tax-exempt organizations. For 2023, the 457(b) contribution limit is $22,500, and the catch-up contribution limit for participants who are age 50 or older is $7,500.

457(b) plans offer several benefits, including tax-deferred growth of investments, a choice of investment options, and the ability to make catch-up contributions. Additionally, 457(b) plans are not subject to the same contribution limits as 401(k) plans, making them an attractive option for high-income earners.

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3+ Essential 2025 Deferred Compensation Limits for Compliance Success

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2025 deferred comp limits

3+ Essential 2025 Deferred Compensation Limits for Compliance Success

Beginning in 2025, there will be new limits on the amount of compensation that can be deferred under nonqualified deferred compensation (“NQDC”) plans. These limits are designed to prevent the use of NQDC plans as a way to avoid taxes on compensation. Employers may want to make changes to their NQDC plans before the end of 2024 to avoid these new limits.

Under current law, there is no limit on the amount of compensation that can be deferred under an NQDC plan. However, the Tax Cuts and Jobs Act of 2017 included a provision that will impose new limits on NQDC plans beginning in 2025. These limits will be based on the employee’s W-2 wages, and they will vary depending on the type of plan. Under a “specified” NQDC Plan, the limit on deferrals for 2025 will be the lesser of $30,000 (plus applicable cost-of-living adjustments) or 15% of the employee’s W-2 wages.

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2025: The Lowdown on 415c Contribution Limits

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2025 415c limits

2025: The Lowdown on 415c Contribution Limits

In May 2023, the US Department of Transportation (DOT) established new limits on the size and weight of commercial motor vehicles operating on the nation’s highways, effective in 2025. The new limits, known as the “2025 415c limits,” are designed to improve safety and efficiency on the nation’s roadways. The new limits will increase the maximum allowable length of commercial motor vehicles from 48 to 53 feet and the maximum allowable weight from 80,000 to 91,000 pounds.

The 2025 415c limits are expected to have a number of benefits, including:

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9+ 2025 403(b) Contribution Limits You Must Know

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403 b 2025 contribution limits

9+ 2025 403(b) Contribution Limits You Must Know

403(b) plans are retirement savings plans offered by public schools, tax-exempt organizations, and certain other employers. Employees can contribute a portion of their salary to a 403(b) plan on a pre-tax basis, reducing their current taxable income. The money in a 403(b) plan grows tax-deferred until it is withdrawn in retirement. In 2023, the annual contribution limit for 403(b) plans is $22,500. This limit is scheduled to increase to $23,500 in 2024 and $24,500 in 2025.

403(b) plans offer a number of benefits, including tax-deferred growth, potential employer matching contributions and the ability to make catch-up contributions if you are age 50 or older. 403(b) plans are a valuable retirement savings tool, and the contribution limits are increasing in the coming years. If you are eligible to participate in a 403(b) plan, you should consider taking advantage of this opportunity to save for your retirement.

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