IRS Announces 2026 Retirement Contribution Limits

On 13th of November the IRS has released the 2026 contribution limits for retirement account. The following are the updated limits for each type of account.

401(k), 403(b), Governmental 457 and Thrift Savings Plan

The contribution limit has been increased to $24,500, up from $23,500 for 2025.

Individual Retirement Agreement (IRA Accounts)

The limit for IRA type accounts has been increased to $7,500 for 2026.

Catch up Contributions

401(k) and other employee plans catch up contribution have been increased to $8,000 for employees over the age of 50, allowing for a total contribution of $32,500 each year.

Employees aged 60, 61, 62 and 63 have a greater contribution limit of $11,250, for a total contribution of $35,750 per year.