IRS Announces 2026 Contribution Limits for Retirement Accounts

The IRS recently released updated contribution limits for 2026. Knowing the limits for different types of accounts can help you maximize your retirement savings.

Here are the new 2026 limits so you can stay on top of your contributions:

• 401(k) and 403(b) Deferral Limit: Increases to $24,500 from $23,500 (additional catch-up if you are over age 50 is 8,000 for a total of $32,500).  

• IRA Limit (including Roth IRAs): Stays the same at $7,500 in 2026. The catch-up for those over the age of 50 is still an additional $1,100 for a total of $8,600).

• SEP IRAs: The limit in 2026 is $72,000 (with a cap of 25% of your net earnings - see your accountant or tax professional for more details).

The Roth IRA income phase-out range for single filers and heads of household in 2025 will be between $153,000 and $168,000. The 2026 Roth IRA income phase-out range for married couples filing jointly will be between $242,000 and $252,000.

With some careful planning, you can make sure you maximize every dollar you're bringing home. Also, as usual, make sure to check with your tax professional for questions regarding your specific situation.

This information is believed to be accurate at the time of publication. Please refer to the IRS website for official information and refer to your tax professional for individual matters.