Nov 14, 2025, 11:18 AM
(from Journal of Accountancy) The IRS announced the 2026 benefit and contribution limits for qualified retirement plans, including contribution limits for Sec. 401(k) plans and individual retirement arrangements (IRAs) Thursday, increasing the limit for 401(k) plans by $1,000. The amount that individuals can contribute to 401(k) plans will increase to $24,500 in 2026, up from $23,500 in 2025. The new amount also applies to Sec. 403(b) and most Sec. 457 plans, as well as the federal government’s Thrift Savings Plan.
The limit on annual contributions to traditional and Roth IRAs increased by $500 to $7,500, and the IRA catch-up contribution limit for individuals 50 and older increased to $1,100, up from $1,000 in 2025.
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