IRA Contribution Limits for 2026: What You Need to Know

Planning for retirement? The IRS has announced updated contribution limits for Individual Retirement Accounts (IRAs) for the 2026 tax year.

Here’s what you need to know:

New Contribution Limits

The contribution limit for both Traditional and Roth IRAs is $7,500 per individual for 2026, an increase from $7,000 in 2025. This adjustment helps savers keep pace with inflation and maximize their retirement savings.

Catch-Up Contributions

If you’re age 50 or older, you can contribute an additional $1,100 as a catch-up contribution. This means older savers have an opportunity to boost their retirement funds even more.

Important Details

These limits represent the maximum total amount you can contribute across all of your Traditional and Roth IRAs combined for the year. So, if you have both types of accounts, your combined contributions cannot exceed these limits.