With an end of the week turnaround visit last week south … Finally getting to visit after Mother Nature had her way during the prior two attempts … The WIFI on the plane was terrific BOTH ways… mostly because the plane had 44 and 68 empty seats down and back…. time for excellent research was available. With a things that make you go hmmm moment …. The oracle of Omaha was the focus (research that is) and a weekend earnings release update garnered even more data, but it has not yet cleared our Koyfin systems, so wanted to give you a follow up to our prior Tax Related new levels…. so here we go!
As mentioned in our prior post about new tax rates likely small increases IRS releases new contribution limits:
Not to be melodramatic….but here is the main change from the release-$500 increase!
Highlights of changes for 2025
The annual contribution limit for employees who participate in 401(k), 403(b), governmental 457 plans, and the federal government’s Thrift Savings Plan is increased to $23,500, up from $23,000.
Less Drama over more is maybe a good thing during this time! Will have the FULL Tax Sheet soon!
Have a Great “Retirement Contribution Update” Day!
John A. Kvale CFA, CFP
AI Content Authenticity: All of the following text content has been completed by myself and has not been edited or created by AI. Occasionally we do use AI for images and will note when appropriate.
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
