Part 8/12:
The standard contribution limits for 401(k)s remain unchanged, but the law introduces inflation-adjusted catch-up contributions for those over 50. Specifically, from 2024 onward, individuals aged 50+ can contribute more than the previous flat $1,000, with a cap that increases annually. For those aged 60 to 63, the ability to contribute up to $10,000 annually in 2025 offers a significant boost for late-stage savers.