The IRS adjusts contribution limits periodically for inflation. For tax year 2026, several retirement and health savings account limits have increased. Understanding these limits can help you maximize your tax-advantaged savings and avoid excess contributions.
401(k) Contribution Limits
If you participate in a 401(k), 403(b), governmental 457 plan, or the federal Thrift Savings Plan, you can contribute more in 2026.
- Contribution limit increased to $24,500.
- Catch-up contribution limit for individuals age 50 or older increased to $8,000.
- Individuals ages 60 through 63 may qualify for a higher catch-up contribution limit of $11,250.
- Learn more about 401(k) contribution limits.
IRA Contribution Limits
The annual contribution limit applies to the combined total of your traditional and Roth IRA contributions.
- Contribution limit increased to $7,500.
- Catch-up contribution limit for individuals age 50 or older increased to $1,100.
- Income limits may affect your ability to contribute to a Roth IRA or deduct traditional IRA contributions.
- Learn more about IRA contribution limits.
HSA Contribution Limits
If you're covered by an eligible high-deductible health plan (HDHP), you may be able to contribute to a Health Savings Account (HSA).
- Contribution limit increased to $4,400 for self-only coverage.
- Contribution limit increased to $8,750 for family coverage.
- Individuals age 55 or older may still make an additional $1,000 catch-up contribution.
- Learn more about HSA contribution limits.
Why These Limits Matter
Contributing to a 401(k), IRA, or HSA can help reduce your taxable income, build retirement savings, and prepare for future healthcare expenses. If you contribute more than the allowed amount, you may face penalties unless the excess contribution is corrected by the applicable deadline.
Before making contributions, review the eligibility requirements and income limits that may apply to your situation.