Earlier this morning, the Internal Revenue Service issued the adjusted retirement plan limitations for 2026. As expected, most of the limits will increase slightly from 2025:
- Elective Deferral Limit: $24,500 (increased from $23,500 in 2025)
- Age 50 Catch-Up Contributions: $8,000 (increased from $7,500 in 2025)
- Age 60-63 Catch-Up Contributions $11,250 (the same as in 2025)
- 415 (Total) Plan Limit: $72,000 (increased from $70,000 in 2025)
- Compensation Limit: $360,000 (increased from $350,000 in 2025)
- Social Security Limit $184,500 (increased from $176,100 in 2025)
The attached chart shows these and several other historical limits from 2021 through 2026, and a reference to the IRS sources.
For more information regarding these updates, please contact Matthew J. Flanary at (262) 364-0253 or at mflanary@buelowvetter.com.
