The new year brings several changes to retirement account contribution limits and benefit thresholds. Below is a summary of the key updates for 2026:
401(k) Contribution Limits
The elective deferral limit for 401(k), 403(b), and most 457 plans has increased to $24,500 for 2026. The catch-up contribution limit for individuals aged 50 and over has increased to $8,000. In addition, individuals aged 60–63 may be eligible for a “super catch-up” contribution of $11,250, subject to plan adoption. Depending on age, total allowable contributions may be significantly higher.
SIMPLE/SEP IRA Contribution Limits
The elective deferral limit for SIMPLE IRAs increased to $17,000 in 2026 from $16,500. The catch-up contribution limit for those aged 50 and over has also increased to $4,000. The SEP IRA maximum contribution limit is 25% of compensation or $72,000, whichever is less, for 2026.
IRA Contribution Limits
The maximum annual contribution limit for Traditional and Roth IRAs has increased to $7,500 for 2026. Individuals aged 50 and above may make an additional $1,100 catch-up contribution, bringing the total allowable IRA contribution to $8,600. The deduction phaseout range for taxpayers making contributions to a traditional IRA starts at $81,000 for single filers and $129,000 for joint filers in 2026. The income phaseout range for making contributions to a Roth IRA starts at $153,000 for single filers and $242,000 for joint filers in 2026.
HSA Contribution Limits
The limits for Health Savings Account (HSA) contributions have increased for 2026. The contribution limit for individuals with HSA-eligible coverage is $4,400, while the limit for family coverage rises to $8,750. Individuals aged 55 and over may continue to make an additional $1,000 catch-up contribution.
FSA Contribution Limits
The Flexible Spending Account (FSA) salary deferral limit has increased to $3,400 for 2026 through payroll deductions. The Dependent Care FSA limit is $7,500 per household or $3,750 per individual.