The IRS has published a notice announcing an increase to contribution limits for 401(k) plans to $24,500 in 2026, up from $23,500. The notice also provides that the annual contribution limit for IRAs will rise to $7,500 in 2026, from $7,000, while various income phase-out ranges for IRA deductions, Roth IRA eligibility, and the Saver’s Credit will increase as well. [IRS Notice 2025-111 (Nov. 13, 2025)]
This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.
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