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IRS Raises 401(k) and IRA Contribution Limits for 2026 

Beginning in 2026, the amount individuals can contribute tax-free to their employer-sponsored 401(k) retirement plans will increase by $1,000 to $24,500, the IRS announced on Thursday.   The cap on annual contributions to individual retirement plans (IRA) will rise by $500 to $7,500.  The guidance is contained in IRS Notice 2025-67, which lists the cost-of-living adju ...

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