IRS Raises 2026 401(k) and IRA Contribution Limits: New $24,500 Cap, Higher Catch‑Ups and Roth Rules Explained
The IRS announced 2026 retirement contribution limits, raising the 401(k) deferral cap to $24,500 and the IRA limit to $7,500. Workers age 50 and older can contribute up to $8,000 extra in workplace plans. SIMPLE IRA and 401(k) limits also increase. New Roth IRA rules for high earners take effect in 2026.