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2026 IRA contribution limits: IRS raises savings cap
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The IRS has unveiled the individual retirement account contribution limits for 2026.
In its release on Thursday, the agency increased the 2026 IRA contribution limit to $7,500, up from $7,000 in 2025. The IRS also boosted the IRA catch-up contributions for investors age 50 and older to $1,100, up from $1,000 in 2025.
The annual individual limit applies to contributions to traditional and Roth IRAs.
The IRS also unveiled new 401(k) contribution limits, 401(k) catch-up limits for savers age 50 and older, and bigger income thresholds for Roth IRA contributions, among other changes.
Some investors can deduct pretax IRA contributions, depending on their income and whether they or a spouse have access to a workplace retirement plan. The IRS announcement also increased the phase-out ranges for IRA deductibility in 2026.
The IRS announcement comes hours after President Donald Trump signed into law a funding bill to end the longest federal government shutdown in U.S. history. It also comes roughly a month after the agency released dozens of inflation adjustments for 2026, including federal income tax brackets, higher capital gains brackets and provisions impacting families, among others.
