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The IRS has released the inflation-adjusted 2026 dollar limitations for benefits and contributions under qualified retirement plans (Notice 2025-67). A summary of selected key limitations for various plans is provided below:
- Retirement savings accounts: The limit for contributions to 401(k) plans and other retirement accounts (including Roth 401(k) plans) will be $24,500 (up from $23,500 in 2025). The limit for catch-up contributions for individuals 50 and older will be $8,000 (up from $7,500 in 2025). The SECURE 2.0 Act of 2022 added an increased catch-up contribution limit applicable to employees ages 60-63 who participate in these plans; for 2026, this higher catch-up contribution limit remains $11,250 (unchanged from 2025) instead of $8,000.
- Defined contribution plans: The limit for total employee and employer contributions to defined contribution plans will be $72,000 (up from $70,000 in 2025).
- Defined benefit plans: The limit on annual benefits from a defined benefit plan will be $290,000 (up from $280,000 in 2025).
- Compensation limits: The annual compensation limit for certain tax-favored retirement plans will be $360,000 (up from $350,000 in 2025).
- Individual Retirement Accounts (IRAs): The deductible amount for contributions to an IRA will be $7,500 (up from $7,000 in 2025). The limit for catch-up contributions to an IRA for individuals 50 and older was indexed to inflation under the SECURE 2.0 Act and will be $1,100 (up from $1,000 in 2025). The adjusted gross income (AGI) phase-out range for deductibility of IRA contributions for individuals who participate in an employer retirement plan will be increased to between $81,000 and $91,000 for singles (up from between $79,000 and $89,000 in 2025), and to between $129,000 and $149,000 for joint filers (up from between $126,000 and $146,000 in 2025). The AGI phase-out range for contributions to a Roth IRA will be increased to between $153,000 and $168,000 for singles (up from between $150,000 and $165,000 in 2025), and to between $242,000 and $252,000 for joint filers (up from between $236,000 and $246,000 in 2025).
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