Key Numbers You Should Know:
For workplace plans like the 401(k), 403(b), governmental 457 plan and the Thrift Savings Plan, the base contribution limit is $24,500 in 2026 (up from $23,500 in 2025).
For individuals aged 50 and over, the “catch-up” contribution for those same plans rises to $8,000 (up from $7,500).
For participants aged 60 to 63, the special higher catch-up limit of $11,250 remains unchanged for 2026.
For individual retirement accounts (IRAs) — both traditional and Roth — the contribution limit is now $7,500 (up from $7,000).
For IRAs, the catch-up contribution (for those 50 and over) increases to $1,100 (up from $1,000).
Other important adjustments:
The total combined employee + employer contribution limit for defined contribution plans is $72,000 in 2026.
Income-phase-out thresholds for deductible contributions to traditional IRAs, for Roth IRA eligibility, and for the Saver’s Credit all increase in 2026.
Link to more: https://www.irs.gov/newsroom/401k-limit-increases-to-24500-for-2026-ira-limit-increases-to-7500
