"This limit was amended under the SECURE 2.0 Act of 2022, and the the annual cost-of-living adjustment will rise to $1,100 in 2026, up $100 from this year's figure. The catch-up contribution limit that applies to most of the 50-and-older worker population will also go up by $500 next year to a cap of $8,000. A higher catch-up limit of $11,250 applies to workers ages 60-63. The IRS clarified that any plan participants who are at least 50 will generally be able to contribute as much as $32,500 per year starting in 2026."
"Taxpayers can deduct contributions to a traditional IRA if they meet certain conditions, the IRS noted. Deductions based on contributions by the taxpayer or their spouse can be phased out until they're eliminated, depending on the person's filing status and income. These are the phase-out ranges for 2026: $81,000 to $91,000 for single filers covered by a workplace retirement plan $129,000 to $149,000 for married couples filing jointly, if the spouse making an IRA contribution is covered by a workplace plan"
"In September, the agency announced new rules that apply to the 50-and-older population. These go into effect Nov. 17 and generally apply to contributions for tax years starting in 2027. The key change among these provisions is that higher-income employees (those who earn more than $145,000 annually) are now require to put their catch-up contributions into a Roth 401(k). This forces them to pay taxes upfront rather than at the time of taking distributi"
The IRS set higher catch-up contribution limits for 2026 under SECURE 2.0, including a $1,100 cost-of-living adjustment and a standard 50-plus cap of $8,000, with $11,250 for ages 60–63. Plan participants aged 50 and older can generally contribute up to $32,500 per year starting in 2026. Traditional IRA deduction phase-outs for 2026 are specified by filing status and income. New guidance covers Roth IRAs, the Saver's Credit, and SIMPLE accounts. Higher-income employees earning over $145,000 must route catch-up contributions into Roth 401(k)s beginning with contributions for tax years starting in 2027.
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