IRS Announces Changes to Retirement Plans for 2026
The Internal Revenue Service (IRS) announced the 2026 retirement plan adjustments. Click here to view the full list of changes. Here's a summary of the provisions that may impact you:
1
CONTRIBUTION LIMITS
- $24,500: The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan is increased to $24,500. This is $1,000 more than the 2025 limits. The additional catch-up contribution limit for employees aged 50 and over increased to $8,000 from $7,500 in 2025. For employees aged 60, 61, 62, and 63 who participate in these plans, the catch-up contribution is $11,250.
- $7,500: The contribution limit to traditional and Roth IRAs increased to $7,500 from $7,000 in 2025. The additional IRA catch-up contribution limit for individuals aged 50 and over increased to $1,100 from $1,000 in 2025.
2
ROTH IRA INCOME PHASE-OUT RANGES FOR 2026:
- $153,000 to $168,000: Single taxpayers and heads of household.
- $242,000 - $252,000: Married, filing jointly.
3
HELPFUL LINKS ABOUT RETIREMENT PLANS
- CLICK HERE to view a chart that outlines the difference between Traditional and Roth IRAs
- CLICK HERE to view the rules for Required Minimum Distributions (RMDs)
PLEASE NOTE: THIS OVERVIEW IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE LEGAL, TAX, OR FINANCIAL ADVICE. PLEASE CONSULT WITH A QUALIFIED TAX ADVISOR FOR SPECIFIC ADVICE ABOUT YOUR SITUATION. FOR MORE INFORMATION ON ANY OF THESE ITEMS, PLEASE REFERENCE IRS NOTICE 2025-67.
$24,500
That's how much an individual can contribute in 2026 to their 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan.
Source: HomeQB