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.
403(b) contribution limits are the maximum amount of money that can be contributed to a 403(b) retirement plan each year. 403(b) plans are tax-advantaged retirement savings plans for employees of public schools and certain other tax-exempt organizations. For 2025, the 403(b) contribution limit is $22,500, and the catch-up contribution limit for employees age 50 and older is $7,500.
403(b) plans offer a number of benefits, including:
Conventional loan limits are the maximum amount of money that can be borrowed for a mortgage that is not backed by the government. These limits are set by the Federal Housing Finance Agency (FHFA) and are adjusted annually based on changes in the housing market. For 2025, the conventional loan limit for a single-family home in most areas of the country is $726,200. In high-cost areas, the limit is $1,089,300.
Conventional loan limits are important because they determine how much money borrowers can qualify for when purchasing a home. Borrowers who exceed the conventional loan limit must obtain a jumbo loan, which typically has higher interest rates and fees.
Dependent care FSAs are employer-sponsored benefit accounts that allow employees to set aside pre-tax dollars to pay for eligible dependent care expenses, such as childcare, eldercare, or disability care. The annual limit on the amount that can be contributed to a dependent care FSA is set by the IRS and is adjusted each year.
The dependent care FSA limit for 2025 is $5,000 for married couples filing jointly and $2,500 for all other filers. This limit is the same as the limit for 2024.
457b 2025 limits refer to the annual limit on the amount of money that can be contributed to a 457(b) plan, a tax-advantaged retirement savings plan for employees of state and local governments and certain tax-exempt organizations. For 2023, the 457(b) contribution limit is $22,500, and the catch-up contribution limit for participants who are age 50 or older is $7,500.
457(b) plans offer several benefits, including tax-deferred growth of investments, a choice of investment options, and the ability to make catch-up contributions. Additionally, 457(b) plans are not subject to the same contribution limits as 401(k) plans, making them an attractive option for high-income earners.
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:
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.
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.
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.
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.
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.
