Government Updates 2025

SOCIAL SECURITY LIMIT: $176,100
401K MAXIMUM: $23,500 - Total Comp = $350,000
401K CATCH-UP (OVER 50): $7,500 
401K CATCH-UP (OVER 60): $11,250

Effective January 1, 2025
BUSINESS MILEAGE: 70 cents
MOVING/MEDICAL: 21 cents 
CHARITABLE: 14 cents

HEALTH SAVINGS ACCOUNT: $4,300 FOR INDIVIDUAL AND $8,550 FOR FAMILY
HEALTH SAVINGS ACCOUNT CATCH-UP: $1,000
HEALTH CARE FLEXIBLE SPENDING ACCOUNT LIMIT: $3,050
DEPENDENT CARE FLEXIBLE SPENDING ACCOUNT LIMIT: $5,000 FOR MARRIED JOINT RETURNS AND $2,500 FOR MARRIED FILING SEPARATE RETURNS

TRANSIT PASSES: $325 PER MONTH
TRANSIT PARKING: $325 PER MONTH

ADOPTION ASSISTANCE: $17,280

TUITION ASSISTANCE: $5,250