The IRS just raised the 401(k) limit for 2026, giving workers more room to save and cut their tax bill next year.
The new 401(k) limit for 2026 contributions is $24,500, and the IRA limit has raised to $7,500 for savers under 50 years old.
Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year.
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