Americans 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.
