IRS raises 401(k) contribution limit for 2027
Workers will be able to contribute up to $25,500 of their income to their 401(k) plans next year, the IRS announced Thursday.
The IRS has announced that workers can contribute up to $25,500 to their 401(k) plans in the upcoming year. This increase allows individuals to save more for their retirement. The announcement was made on Thursday.
- The IRS announced new 401(k) contribution limits.
- Workers can contribute up to $25,500 of their income.
- This limit applies to the next year.
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