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Americans get a $1,000 boost to their retirement savings under new IRS rules
New IRS rules grant Americans a $1,000 increase to retirement savings limits, affecting 401(k) and IRA contributions for 2025.
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New IRS rules grant Americans a $1,000 increase to retirement savings limits, affecting 401(k) and IRA contributions for 2025.
The IRS raised the 2027 401(k) contribution limit to $25,500, a $1,000 increase from 2026, and lifted catch-up limits for workers 50 and older.