What Are the IRS Contribution Limits for 2026?
Another year, another round of IRS updates! If it feels like the rules around retirement contributions change constantly, that's because… well, they do. The Internal Revenue Service releases new contribution limits almost every year, and 2026 is no exception.
We know – keeping up with these changes can feel overwhelming. That's exactly why we're here to help you cut through the noise and focus on what actually matters for your retirement planning.
So, what are contribution limits? Simply put, they're the maximum amounts the government allows you to contribute to tax-advantaged retirement accounts each year. These caps affect how much tax-deferred money you can set aside for your future, and understanding them is crucial for maximizing your retirement savings.
While we're not tax professionals (so please consult with your tax advisor for specific filing questions), we can help you understand how these new 2026 limits impact your retirement strategy. The question we hear most often from clients is, "Am I saving enough for retirement?" These updated limits can help you answer that question and determine if you're on track to meet your goals.
Let's dive into the 2026 contribution limits and what they mean for you!
Updated Contribution Limits for 2026
Depending on the type of retirement fund or funds you operate, the limits for what you can add to that account vary. For example, a 401(k) has a different permissible contribution total limit than a Roth IRA.
The following limits are set for 2026:
Next, take a look at the limits for all types of accounts for 2025 vs. 2026. Which of these account types are you using? How should we adjust your financial plan to account for these new numbers?
Contact Our Team for Assistance
Are you ready to make the most of your retirement plan contributions?
Understanding contribution limits is just the first step. Next, you need to apply these numbers and create a financial strategy that maximizes these opportunities based on your unique situation and goals.
While we can't file your taxes (you'll need your tax professional for that!), we absolutely can help you build a comprehensive financial plan that makes the most of these 2026 limits. Whether you're trying to catch up on retirement savings, balance multiple financial goals, or simply want to know if you're contributing enough, we're here to guide you.
And remember: Financial planning goes beyond just retirement. Maybe you're ready to start a college savings plan for your kids, need help creating a realistic household budget, or want to explore strategies for maximizing your tax-advantaged accounts. Whatever your financial goals, our team is here to help you navigate them all with confidence.
Let's create (or adjust) a plan that works for you!
Give us a call at (507) 304-7017 to schedule your complimentary consultation, or book an appointment online at your convenience. No obligation, no pressure – just honest guidance tailored to your family's unique needs.