401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500

IR-2025-111, Nov. 13, 2025

WASHINGTON — The Internal Revenue Service announced today 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 IRS today also issued technical guidance regarding all cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2026 in Notice 2025-67 PDF , posted today on IRS.gov.