IRS Raises 2026 401(k) Limit to $24,500 and IRA Cap to $7,500
Updated
Updated · eciks.org · Jul 2
IRS Raises 2026 401(k) Limit to $24,500 and IRA Cap to $7,500
3 articles · Updated · eciks.org · Jul 2
Summary
$24,500 is the new 2026 401(k) contribution limit, up $1,000, while the IRA cap rises $500 to $7,500 under IRS cost-of-living adjustments.
Workers 50 and older can put $32,500 into 401(k) plans with an $8,000 catch-up, and savers ages 60 to 63 can use a larger $11,250 SECURE 2.0 catch-up.
$32,200 is the new standard deduction for married couples filing jointly, and taxpayers 65 and older can claim an extra $6,000 deduction — or $12,000 jointly — through 2028.
Income bands also widened for traditional and Roth IRAs, letting more middle-income savers qualify for deductions or contributions as the IRS implements Notice 2025-67.