As 2025 approaches, changes to retirement account rules and contribution limits present new opportunities for individuals to enhance their savings strategies.
Here’s a breakdown of the key changes and how they might impact your financial planning:
- Single filers can contribute fully if their modified adjusted gross income is below $150,000, with a phase-out between $150,000 and $165,000.
- For married couples filing jointly, the phase-out range is $236,000 to $246,000
The contribution limit for 401(k), 403(b), and similar plans increases to $23,500, up $500 from 2024. Participants aged 50 and older can add a $7,500 catch-up contribution, making the total $31,000. For those aged 60-63, a new “super catch-up” provision under the SECURE 2.0 Act allows for contributions up to $11,250 during this period, significantly enhancing savings potential.
The income thresholds for the Saver’s Credit, which provides tax benefits to low- and moderate-income savers, will also see an increase. This adjustment ensures more individuals can benefit from contributing to retirement accounts.
If you’re contributing to a traditional IRA and are covered by a workplace retirement plan, the income phase-out range has increased to $79,000–$89,000 for single filers and $126,000–$146,000 for married couples filing jointly.
Planning Ahead

Taylor Clinkenbeard, CPA
Taylor is a Manager in our tax and client accounting services teams. She has developed specific expertise in software, accounting processes, and tax laws to serve our clients.