IRS Raises 401(k) Contribution Limits for 2026 as Cost-of-Living Adjustments Take Effect

EconomyNew caps boost how much workers can save in 401(k)s, IRAs, SIMPLE plans, and other retirement accounts next year.0Americans will be able to put more money into their 401(k)s next year after the IRS on Nov. 13 announced higher contribution and income limits for 2026, reflecting annual cost-of-living adjustments tied to inflation.In new guidance, the agency said the maximum amount workers can contribute to a 401(k), 403(b), most 457 plans, or the federal Thrift Savings Plan will rise to $24,500 in 2026, up from $23,500 this year.