IRS Increases Annual TSP Maximum Contribution

IRS increases annual TSP maximum contribution

Federal employees will be able to contribute more to their Thrift Savings Plan accounts next year. The IRS increased the maximum annual contribution limit to $24,500, which is a $1,000 increase over 2025. Additionally, employees aged 50 or older can save more money through their catch-up contributions. And if employees are aged 60 to 63, they can save even more with a higher catch up contribution of $11,250.(IRS increases annual TSP savings limi…

It's Getting Harder to Max Out a 401(k) in 2026. Here's Why

Key PointsThe contribution limits for 401(k) plans are increasing in 2026. The limit for workers under 50 is rising by $1,000, and catch-up contributions are increasing as well.If you can't max out your 401(k), don't sweat it, but make sure to save something. The $23,760 Social Security bonus most retirees completely overlook › The reason it's important to save for retirement is simple. Without savings, you might struggle to cover your living ex…

IRS sets 401(k) annual contribution limit at $24,500 for 2026

Unlike last year, the agency also announced an increase to the contribution cap for individual retirement accounts.

The 2026 401(k) Contribution Limits Feel Like Big Money Now

The maximum employee 401(k) contribution limit for 2026 is increasing by $1,000 to $24,500 according to the IRS. For workers over 50, the catch-up contribution rises to $8,000, bringing the total to $32,500. With the median household income of roughly $80,000 today (employee 401(k) max = 30% of income), that’s a substantial amount of money to shelter in […] The post The 2026 401(k) Contribution Limits Feel Like Big Money Now appeared first on Fi…

401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500

IR-2025-111, Nov. 13, 2025 — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2026 has increased to $24,500, up from $23,500 for 2025.