The IRS has revised contribution limits for retirement plans in 2025, increasing the employee deferral limit to $23,500 and maintaining a $7,500 catch-up for those 50+. Notably, individuals aged 60-63 can contribute an extra $11,250. IRA limits remain unchanged at $7,000, with catch-up contributions still at $1,000. Additionally, income thresholds for Roth IRA contributions and Saver’s Credit have increased. While many workers do not max out their contributions, the updated limits provide enhanced opportunities for retirement savings.