Tax-Advantaged Savings Limits (2025)

2025 saw some increases in contribution limits to certain tax-advantaged accounts. These contribution limits are often indexed to inflation and rise more quickly when inflation is high. See our Tax Deadlines or Tax Brackets pages for information on making these contributions. Please let us know if you have any questions.

2025 CONTRIBUTION CHANGES AND LIMITS

  • Remains the Same: IRA and Roth IRA: $7,000 ($8,000 with age 50 catch-up)

  •  Increased $500: Simple IRA: $16,500 ($20,000 with age 50 catch-up)

  •  Increased $500: 401(k) and 403(b): $23,500 ($31,000 with age 50 catch-up)

  •  Increased $130: Wisconsin 529 deduction: $5,130 (excess contributions can be carried forward) *State deductibility and deduction limits vary from state to state.

  • Increased $150 Individual, $250 Family: HSA Deduction: $4,300 Individual, $8,550 Family. *Requires a qualifying high deductible health plan.

IN ADDITION, SOME PHASE OUT AND CONTRIBUTION LIMITS FOR HIGH EARNERSS

  • Increased $5,000: Annual compensation limit for defined contribution plans increased to $350,000

  • Increased $1,000: Total defined contribution limit is now $70,000

  • Increased $4,000/$6,000: The beginning of the Roth IRA phase out is now $150,000 (single) and $236,000 (married filing jointly)

  • Increased $2,000/$7000: The beginning of the Traditional IRA phase out when already covered by a retirement plan at work is $77,000 (individual) and $126,000 (married filing jointly). If not covered by a retirement plan at work, but your spouse is, the phase out starts at $236,000 (up $6,000).

Tax-Advantaged Savings Limits (2024)

2024 saw continued increases in contribution limits tax-advantaged accounts. These contribution limits are often indexed to inflation and rise more quickly when inflation is high. See our Tax Deadlines or Tax Brackets pages for information on making these contributions. Please let us know if you have any questions.

2024 CONTRIBUTION CHANGES AND LIMITS

  •  Increased $500: IRA and Roth IRA: $7,000 ($8,000 with age 50 catch-up)

  •  Increased $500: Simple IRA: $16,000 ($20,000 with age 50 catch-up)

  •  Increased $500: 401(k) and 403(b): $23,000 ($31,000 with age 50 catch-up)

  •  Increased $1,140: Wisconsin 529 deduction: $5,000 per beneficiary (excess contributions can be carried forward) *State deductibility and deduction limits vary from state to state.

  • Increased $300 Individual, $550 Family: HSA Deduction: $4,150 Individual, $8,300 Family. *Requires a qualifying high deductible health plan.

IN ADDITION, SOME PHASE OUT AND CONTRIBUTION LIMITS FOR HIGH EARNERSS

  • Increased $15,000: Annual compensation limit for defined contribution plans increased to $345,000

  • Increased $3,000: Total defined contribution limit is now $69,000

  • Increased $8000/$12,000: The beginning of the Roth IRA phase out is now $146,000 (single) and $230,000 (married filing jointly)

  • Increased $4000/$7000: The beginning of the Traditional IRA phase out when already covered by a retirement plan at work is $77,000 (individual) and $123,000 (married filing jointly). If not covered by a retirement plan at work, but your spouse is, the phase out starts at $230,000.