- The IRS has announced individual retirement account contribution limits for 2025.
- For 2025, investors can save a maximum of $7,000 in IRAs, which remains unchanged from 2024.
- IRA catch-up contributions for investors age 50 and older will also stay the same at $1,000.
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Some investors can deduct pretax IRA contributions, depending on their income and whether they or a spouse have access to a workplace retirement plan. The IRS announcement also increased the phase-out ranges for IRA deductibility in 2025.
