The IRS raised retirement plan contribution limits for 2026, allowing workers to put $1,000 more in their 401(k) plans than they could this year and $500 more in their individual retirement accounts.
The agency gave notice (IRS Notice 25-67) of its yearly cost-of-living increases Thursday, raising the individual contribution cap for 401(k)s, 403(b)s, governmental 457 plans, and federal Thrift Savings Plan participants to $24,500 and the cap for IRAs to $7,500.
Annual increases of $500 or $1,000 have been typical, with the exception of a record-high $2,000 increase in 2022 in a period of surging inflation. ...
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