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IRS announces 2026 401(k) contribution limits, raises savings cap
- On Thursday, the Internal Revenue Service raised the employee 401 deferral limit to $24,500 for 2026, covering 401, 403, most 457 plans and the federal Thrift Savings Plan.
- Because of required cost‑of‑living adjustments, the IRS said Notice 2025-67 reflects legal indexing and SECURE 2.0 changes that altered catch-up rules for 2026 limits.
- For savers 50 and older the rules show a catch-up limit of $8,000, while savers aged 60–63 retain a $11,250 SECURE 2.0 catch-up, enabling total contributions up to $35,750.
- The notice also raised caps for Individual Retirement Accounts to $7,500 with $1,100 catch-up, SIMPLE IRA plans to $17,000 with $4,000 catch-up, and QCDs to $111,000.
- Despite higher caps, Vanguard's data show only 14% of participants maxed out plans in 2024, and SECURE 2.0 adds administrative caveats, the IRS said.
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Total News Sources53
Leaning Left11Leaning Right4Center28Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
L 26%
C 65%
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