2026 Contribution Limits: Bigger Opportunities for Your Retirement Savings

The IRS has announced new contribution limits for retirement plans for the 2026 tax year, giving employees more opportunities to save for the future.

Here’s what’s changing:

Standard Contribution Limits

Employees participating in 401(k), 403(b), and most 457 plans can now contribute up to $24,500 in 2026. This is an increase from $23,500 in 2025, allowing for an extra $1,000 toward your retirement savings.

Catch-Up Contributions

For employees aged 50–59 or 64 and older, the catch-up contribution limit has increased to $8,000 for 2026 (up from $7,500 in 2025). This means you can boost your savings even more as you approach retirement.

Special Catch-Up for Ages 60–63

Employees aged 60–63 benefit from a higher catch-up contribution limit that remains at $11,250 for 2026. This special provision is designed to help those nearing retirement maximize their savings during these critical years.

Why This Matters:

These increases provide an excellent opportunity to review your retirement strategy and ensure you’re taking full advantage of the higher limits. Whether you’re just starting or nearing retirement, every extra dollar counts toward building a secure financial future.