IRS Raises 401(k), IRA, and Retirement Contribution Limits for 2026

The IRS has released the 2026 cost-of-living adjustments for retirement plans, increasing contribution limits across several major accounts. These updates give taxpayers additional opportunities to save for retirement with tax advantages.

Key 2026 Retirement Contribution Changes

401(k), 403(b), 457 Plans & Thrift Savings Plan

• Employee contribution limit: $24,500 (Up from $23,500 for 2025)

• Standard catch-up (age 50+): $8,000 (Up from $7,500)

• Total possible contribution (age 50+): $32,500

• Enhanced catch-up (ages 60–63): $11,250 (Remains the same for 2026 under SECURE 2.0)

Traditional & Roth IRAs

• IRA contribution limit: $7,500 (Up from $7,000)

• IRA catch-up (age 50+): $1,100 (Up from $1,000)

IRA Deduction Phase-Out Ranges (2026)

• Single, covered by workplace plan: $81,000–$91,000

• Married filing jointly (contributor covered): $129,000–$149,000

• Married filing jointly (contributor not covered; spouse covered): $242,000–$252,000

• Married filing separately: $0–$10,000 (unchanged)

Roth IRA Income Limits (2026)

• Single / Head of Household: $153,000–$168,000

• Married filing jointly: $242,000–$252,000

• Married filing separately: $0–$10,000 (unchanged)

Saver’s Credit Income Limits (2026)

• Married filing jointly: Up to $80,500

• Head of household: Up to $60,375

• Single / Married filing separately: Up to $40,250

SIMPLE Accounts

• SIMPLE contribution limit: $17,000 (up from $16,500)

• Enhanced SIMPLE limit: $18,100 (up from $17,600)

• Standard catch-up (age 50+): $4,000 (up from $3,500)

• Alternate SIMPLE catch-up (certain plans): $3,850 (unchanged)

• Enhanced catch-up (ages 60–63): $5,250 (unchanged)

Source: IRS (IR-2025-111)