IRA contribution limits get a bump up
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The annual announcement from the Internal Revenue Service may have extra significance in 2026, as 401 (k) contributions become a valuable tool many can use to ensure they’re making the most of new tax breaks in President Donald Trump’s new tax law.
Those who are 50 and older who participate in 401(k) plans can contribute more than the annual limit each year. IRS announces new limits for 2026.
Workers will be able to put up to $24,500 into their 401(k)s and similar workplace retirement accounts in 2026, up $1,000 from this year, the IRS said.