"If you have a 401(k), 403(b), governmental 457 plan, or the federal government's Thrift Savings Plan, you'll now be able to contribute up to $24,500 for the 2026 year. This represents an increase of $1,000 from the $23,500 limit in place for the 2025 year. But the IRS has also announced new "catch-up" contribution limits for 401(k), 403(b), governmental 457 plans, and the federal government's Thrift Savings Plan for 2026. The agency says that if you are 50 or older, your catch-up contribution limit will increase by $500 in 2026 to a total of $8,000."
"If you have an individual retirement account (IRA), the IRS has announced that the limit for that type of account is rising in 2026, too. In 2026, the new IRA contribution limit will be $7,500. That's a rise of $500 over the 2025 limit. Additionally, the IRA catch-up contribution limit for those aged 50 or over is also rising in 2026. In 2025, that limit was $1,000. But in 2026, that limit is rising by $100 to $1,100."
The IRS raised retirement contribution limits for 2026. Contribution limits for 401(k), 403(b), governmental 457 plans and the federal Thrift Savings Plan increase to $24,500, up $1,000 from 2025. Catch-up contributions for participants aged 50 and older increase by $500 to $8,000, allowing many to contribute up to $32,500 annually starting in 2026. Catch-up limits for employees aged 60 to 63 remain at $11,250. IRA contribution limits rise to $7,500, up $500 from 2025, and the IRA catch-up for those 50 and over increases by $100 to $1,100. The IRS published the notice on November 13.
Read at Fast Company
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