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2025: The Lowdown on 415c Contribution Limits

February 4, 2025 by sadmin

2025: The Lowdown on 415c Contribution Limits

In May 2023, the US Department of Transportation (DOT) established new limits on the size and weight of commercial motor vehicles operating on the nation’s highways, effective in 2025. The new limits, known as the “2025 415c limits,” are designed to improve safety and efficiency on the nation’s roadways. The new limits will increase the maximum allowable length of commercial motor vehicles from 48 to 53 feet and the maximum allowable weight from 80,000 to 91,000 pounds.

The 2025 415c limits are expected to have a number of benefits, including:

9+ Essential DCA Limits 2025 Changes You Need To Know

February 2, 2025 by sadmin

9+ Essential DCA Limits 2025 Changes You Need To Know

DCA Limits 2025 refer to the contribution limits set by the IRS for Health Savings Accounts (HSAs) in 2025. The limits for 2025 are as follows:

Individuals: $3,850
Families: $7,750

These limits represent an increase from the 2024 limits of $3,800 for individuals and $7,700 for families. The HSA contribution limits are adjusted annually by the IRS to keep pace with inflation.

HSAs offer a number of benefits, including tax-free withdrawals for qualified medical expenses and the ability to roll over unused funds from year to year. HSAs are a valuable savings tool for individuals and families who are looking to save for future healthcare costs.

9+ Compelling Facts about FSA Limits in 2025

February 2, 2025 by sadmin

9+ Compelling Facts about FSA Limits in 2025

The term “FSA limits 2025” refers to the contribution limits for Flexible Spending Accounts (FSAs) in the year 2025. FSAs are tax-advantaged accounts that allow individuals to set aside money on a pre-tax basis to pay for qualified medical and/or dependent care expenses.

The FSA limits for 2025 have not yet been announced by the Internal Revenue Service (IRS). However, the limits for 2023 are $3,050 for health FSAs and $5,000 for dependent care FSAs. It is likely that the limits for 2025 will be similar to or slightly higher than these amounts.

Fsa Limits For 2025

February 1, 2025 by sadmin

The term “FSA limits for 2025” refers to the annual contribution limits set by the Internal Revenue Service (IRS) for Flexible Spending Accounts (FSAs). These accounts allow employees to set aside pre-tax dollars to pay for qualified medical and dependent care expenses.

The FSA limits for 2025 have not yet been announced by the IRS. However, the limits for 2023 are $3,050 for health FSAs and $5,000 for dependent care FSAs. It is expected that the limits for 2025 will be similar.

8+ Essential Flexible Spending Account Limits for 2025

February 1, 2025 by sadmin

8+ Essential Flexible Spending Account Limits for 2025

Flexible spending account (FSA) limits for 2025 have been announced by the Internal Revenue Service (IRS). The annual contribution limit for health FSAs will increase to $3,050, while the limit for dependent care FSAs will remain at $5,000. These limits apply to both employer-sponsored and individually purchased FSAs.

FSAs are tax-advantaged accounts that allow employees to set aside pre-tax dollars to pay for qualified medical expenses or dependent care costs. This can result in significant savings on taxes. For example, an employee who contributes $3,050 to a health FSA in 2025 will save $610 in federal income taxes (assuming a 20% tax bracket).

6+ Essential 2025 FSA Limits for Your IRS Contributions in "2025"

February 1, 2025 by sadmin

6+ Essential 2025 FSA Limits for Your IRS Contributions in "2025"

The Internal Revenue Service (IRS) has announced an increase in the contribution limits for Flexible Spending Accounts (FSAs) for 2025. This is significant news for individuals and families who use FSAs to save money on healthcare and other qualified expenses.

The new limit for health FSAs will be $3,050, up from $2,850 in 2024. This means that participants can contribute more money to their FSAs on a pre-tax basis, reducing their taxable income. The limit for dependent care FSAs remains unchanged at $5,000.

3+ Essential 2025 Deferred Compensation Limits for Compliance Success

February 1, 2025 by sadmin

3+ Essential 2025 Deferred Compensation Limits for Compliance Success

Beginning in 2025, there will be new limits on the amount of compensation that can be deferred under nonqualified deferred compensation (“NQDC”) plans. These limits are designed to prevent the use of NQDC plans as a way to avoid taxes on compensation. Employers may want to make changes to their NQDC plans before the end of 2024 to avoid these new limits.

Under current law, there is no limit on the amount of compensation that can be deferred under an NQDC plan. However, the Tax Cuts and Jobs Act of 2017 included a provision that will impose new limits on NQDC plans beginning in 2025. These limits will be based on the employee’s W-2 wages, and they will vary depending on the type of plan. Under a “specified” NQDC Plan, the limit on deferrals for 2025 will be the lesser of $30,000 (plus applicable cost-of-living adjustments) or 15% of the employee’s W-2 wages.

8+ Most Recent 457 Contribution Limits for 2025

February 1, 2025 by sadmin

8+ Most Recent 457 Contribution Limits for 2025

Government employees with 457 plans have a contribution limit of $22,500 in 2023, which is set to increase to $23,500 in 2024 and $24,500 in 2025. The catch-up contribution limit for those age 50 and older is $7,500 in 2023, which will increase to $8,000 in 2024 and $8,500 in 2025.

457 plans are offered by state and local governments and tax-exempt organizations. They allow employees to save for retirement on a tax-advantaged basis. Contributions to a 457 plan are made on a pre-tax basis, which reduces the employee’s taxable income. Earnings on the investments within the plan grow tax-deferred, and withdrawals in retirement are taxed as ordinary income.

5+ Things You Must Know About 2025 Dependent Care FSA Limits

January 31, 2025 by sadmin

5+ Things You Must Know About 2025 Dependent Care FSA Limits

2025 Dependent Care FSA Limits refer to the maximum amount of money that can be contributed to a Dependent Care Flexible Spending Account (FSA) in a given year. Dependent Care FSAs are employer-sponsored accounts that allow employees to set aside pre-tax dollars to pay for eligible dependent care expenses, such as childcare, preschool, and summer camp.

For 2025, the annual limit for Dependent Care FSAs is $5,000 for single filers and married couples filing jointly. This limit has remained unchanged since 2011. The limit is per family, not per child, so families with multiple children can contribute up to the full amount to their FSA. Employees who are married and filing separately can each contribute up to $2,500 to their own FSA.

8+ 457 Contribution Limits 2025 for Over 50

January 30, 2025 by sadmin

8+ 457 Contribution Limits 2025 for Over 50

The term “457 contribution limits 2025 over 50” refers to the maximum amount of money that individuals aged 50 and over can contribute to their 457(b) retirement plans in 2025. The 457(b) plan is a tax-advantaged retirement savings plan for employees of state and local governments and certain tax-exempt organizations.

The contribution limits for 457(b) plans are set by the Internal Revenue Service (IRS) and are adjusted annually for inflation. For 2023, the contribution limit for individuals under age 50 is $22,500, and the catch-up contribution limit for individuals age 50 and over is $7,500. In 2025, these limits are expected to increase to $24,000 and $8,000, respectively.