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5+ Essential 403(b) Contribution Limit Updates for 2025

January 30, 2025 by sadmin

5+ Essential 403(b) Contribution Limit Updates for 2025

403(b) contribution limits refer to the maximum amount of money that employees can contribute to their 403(b) retirement plans in a given year. For 2023, the contribution limit is $22,500, and for 2024, it is $23,500. In 2025, the contribution limit is expected to increase to $24,500.

403(b) plans are tax-advantaged retirement savings plans available to employees of public schools and certain other tax-exempt organizations. Contributions to a 403(b) plan are made on a pre-tax basis, which means that they are deducted from your paycheck before taxes are taken out. This can result in significant tax savings, especially if you are in a high tax bracket.

5+ Vital Limited Purpose FSA Limits You Must Know for 2025

January 29, 2025 by sadmin

5+ Vital Limited Purpose FSA Limits You Must Know for 2025

Limited-purpose FSAs, also known as health FSAs, are employer-sponsored health-savings accounts that allow employees to save pre-tax dollars to use on qualified medical expenses.

In 2025, the contribution limit for limited-purpose FSAs is set at $3,050. This amount is subject to change annually, so it is important to check with your employer or refer to the IRS website for the most up-to-date information.

Limited-purpose FSAs offer a number of benefits, including:

8+ Exciting 2025 Commuter Limits That Will Reshape Travel

January 27, 2025 by sadmin

8+ Exciting 2025 Commuter Limits That Will Reshape Travel

2025 commuter limits refer to the maximum number of people allowed to commute into a specific area during peak hours. This policy is implemented to manage traffic congestion, reduce pollution, and improve air quality. Cities around the world are considering or have already implemented 2025 commuter limits as part of their long-term transportation plans.

The importance of 2025 commuter limits lies in their potential to address several pressing urban challenges. Traffic congestion costs cities billions of dollars each year in lost productivity and wasted fuel. Air pollution from vehicles is a major contributor to respiratory problems and other health issues. By limiting the number of commuters during peak hours, cities can reduce traffic congestion, improve air quality, and make their streets more livable and sustainable.

4+ Prospective DCFSA Limits for 2025

January 27, 2025 by sadmin

DCFSA Limits 2025 refers to the annual contribution limits for Dependent Care Flexible Spending Accounts (DCFSAs) in the United States for the calendar year 2025. These limits are set by the Internal Revenue Service (IRS) and determine the maximum amount of money that employees can contribute to their DCFSAs on a pre-tax basis to pay for eligible dependent care expenses, such as childcare and eldercare.

The DCFSA limits are adjusted annually to keep pace with inflation. For 2025, the limit is expected to be $5,000 for single participants and $10,000 for married couples filing jointly. These limits provide significant tax savings for many working families, as they can reduce their taxable income by the amount of their DCFSA contributions.