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IRS announces 2026 401(k) contribution limits, raises savings cap
The IRS has announced higher 401(k) contribution limits for 2026.
Starting in 2026, employees can defer $24,500 into workplace plans, up from 23,500 in 2025.
Only 14% of participants maxed out 401(k) plans in 2024, according to Vanguard’s 2025 How America Saves report.