The IRS recently announced that the amount individuals can contribute to their 401(k) plans in 2026 has increased to $24,500, up from $23,500 for 2025.
The change applies to 401(k)s, 403(b)s and most 457 plans, along with the federal Thrift Savings Plan.
The IRS also unveiled 2026 catch-up contribution limits for savers age 50 and older, new individual retirement account savings limits and higher income thresholds for Roth IRA contributions.
Starting in 2026, the 401(k) catch-up contribution limit will rise to $8,000 for savers 50 and older, from $7,500 in 2025. But investors aged 60 to 63 can instead save an extra $11,250, based on changes enacted via Secure 2.0. Read more.