IRS Expands Retirement Savings Limits for 2026 — Including a Long-Awaited IRA Catch-Up Increase
The IRS has announced higher contribution limits for retirement accounts starting in 2026, giving workers and retirees more room to grow their savings in tax-advantaged plans. The updates apply to seven major retirement accounts, including 401(k)s, IRAs, SIMPLE IRAs, and SEP plans. Most notably, IRA catch-up contributions are increasing for the first time in years, … Read more