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For individuals aged 50 and above, the law raises the catch-up contribution limits. Starting in 2024, those over 50 can contribute more than the standard limit, with annual catch-up contributions indexed to inflation. Particularly noteworthy is the provision for those aged 60 to 63, who in 2025 will be able to contribute up to $10,000 annually—a 50% increase over previous caps—helping older workers save more effectively as they approach retirement.