IRS Releases Adjusted Retirement Contribution Amounts for 2026

The Internal Revenue Service increased retirement plan contribution limits for 2026 in a Nov. 13 notice.

The contribution limit for plans under Sections 401(k), 403(b), and 457 will increase to $24,500 from $23,500, the IRS said in Notice 2025-67.

The contribution limit for defined contribution plans will increase to $72,000 from $70,000, the IRS said. The limit for defined benefit plans will rise to $290,000 from $280,000. Employers generally fund defined benefit plans, while employees fund defined contribution plans.

The contribution limit for SIMPLE plans will increase to $17,000 from $16,500, the IRS said. However, the SIMPLE plan contribution limit ...