Starting in 2025: For the year in which a participant turns 60, 61, 62, 63 they can boost their salary deferrals (traditional or Roth) to their 401(k) or 403(b) plan with an increased catch-up contribution limit of the greater of the following amounts:150% of the regular catch-up amount for 2024 ($11,250). For the year in which you turn 64, or older, your limit will revert to the age 50 catch up limits ($7,500 as indexed each year for cost of living adjustments).
PLAN LIMITS | 2026 | 2025 | 2024 |
|---|---|---|---|
401(k)/403(b) Deferrals | $24,500* | $23,500 | $23,000 |
401(k)/403(b) Catch Up | $8,000* | $7,500 | $7,500 |
| 401(k)/403(b) Catch Up – Ages 60-63** | $11,250 | $11,250 | $0 |
Roth Catch-up W-2 Wage Threshold (2025 look-back) | $150,000* | $0 | $0 |
Key Employee | $235,000* | $230,000 | $220,000 |
Highly Compensated Employee | $160,000 | $160,000 | $155,000 |
457 Deferrals | $24,500* | $23,500 | $23,000 |
IRA | $7,500* | $7,000 | $7,000 |
IRA Catch Up | $1,100* | $1,000 | $1,000 |
Defined Contribution | $72,000* | $70,000 | $69,000 |
Defined Benefit | $290,000* | $280,000 | $275,000 |
Includible Compensation | $360,000* | $350,000 | $345,000 |
Tax Credit ESOP Maximum Balance | $1,455,000* | $1,415,000 | $1,380,000 |
Social Security Taxable Wage Base | $184,500* | $176,100 | $168,600 |
SEP Min. Participation Threshold | $800* | $750 | $750 |
SEP Maximum Participation Threshold | $360,000* | $350,000 | $345,000 |
SIMPLE Deferrals | $17,000* | $16,500 | $16,000 |
SIMPLE Plan Catch Up | $4,000* | $3,500 | $3,500 |
Maximum Monthly Social Security | $4,152* | $4,018 | $3,822 |
HSA Individual Contribution | $4,400* | $4,300 | $4,150 |
HSA Family Contribution | $8,750* | $8,550 | $8,300 |
HSA Catch Up Contribution (ages 55+) | $1,000 | $1,000 | $1,000 |
HDHP Minimum Individual Deductible | $1,700* | $1,650 | $1,600 |
HDHP Minimum Family Deductible | $3,400* | $3,300 | $3,200 |
HDHP Out-of-Pocket Maximum - Self | $8,500* | $8,300 | $8,050 |
HDHP Out-of-Pocket Maximum - Family | $17,000* | $16,600 | $16,100 |
Monthly Transit/Van Pooling | $340* | $325 | $315 |
Monthly Qualified Parking | $340* | $325 | $315 |
FSA Medical Maximum Deferral | $3,400* | $3,300 | $3,200 |
Medical FSA Carryover | $680* | $660 | $640 |
FSA Dependent Care Max. Deferral | $7,500* | $5,000 | $5,000 |
| * Indicates a change from 2025 to 2026. **Under SECURE 2.0, a higher catch-up contribution limit applies for employees aged 60, 61, 62 and 63 as of December 31, 2026. | |||
*Medical mileage reimbursement for 2024: $0.21 per mile.
