11.13.25

401(k), IRA Contribution Limits Raised

by: Jeanne Sahadi

The Internal Revenue Service has raised 2026 contribution limits for major retirement accounts. Workers can put up to $24,500 into 401(k), 403(b), 457 and Thrift Savings Plan accounts, with catch-up contributions for those 50 and older rising to $8,000. People ages 60–63 may still add an extra $11,250. High-earning older workers making over $145,000 will see all catch-up contributions treated as taxable Roth contributions. IRA limits rise to $7,500, with a $1,100 catch-up, and income eligibility thresholds increase. Saver’s Credit income limits also go up, and SIMPLE IRA contribution caps rise to $17,000–$18,100 with higher catch-ups.

Read the full article on CNN