2026 Contribution Limits Announced
2026 Contribution Limits Announced
Individual Retirement Accounts (IRAs)
IRA contribution limits increase for 2026 to $7,500. The catch-up contribution for those age 50 and older rises to $1,100, bringing the total limit for individuals age 50+ to $8,600.
Roth IRAs
The income phase-out ranges for making contributions to a Roth IRA have increased for 2026:
- Singles and heads of household: $153,000 to $168,000
- Married couples filing jointly: $242,000 to $252,000
Workplace Retirement Accounts
Those contributing to 401(k), 403(b), 457, and similar workplace retirement plans will see the following increases for 2026:
- The maximum employee contribution limit rises to $24,500.
- The catch-up contribution limit for individuals age 50 and older increases to $8,000.
- Under the SECURE 2.0 special rule, the enhanced catch-up limit for ages 60–63 remains $11,250 in 2026.
Gift Tax 2026
The annual gift tax exclusion remains at $19,000 per recipient for 2026. No changes were made.
Remember that we provide these updates for informational purposes only. Consult with your tax professional before making any financial decisions based on the 2026 levels. You can also contact our offices for additional information about these changes.