401k, IRA and Roth IRA Contribution Limit Increases

The IRS has released the latest 401(k), IRA and Roth individual contribution limits including income qualification and phase-out thresholds. See the tables below for limits and changes over the last few years.

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401(k) Limits

Year	Employee Contribution Max	Maximum Employer Contribution	Max. for ALL Contributions (excl. Catch-up)	Additional Catch-up Amount (age > 50)	Super Catch-up Amount (age 60 to 63)
2026	$24,500	$47,500	$72,000	$8,000	$4,000
2025	$23,500	$46,500	$70,000	$7,500	$3,750
2024	$23,000	$46,000	$69,000	$7,500	N/A
2023	$22,500	$43,500	$66,000	$7,500	N/A
2022	$20,500	$40,500	$61,000	$6,500	N/A
2021	$19,500	$38,500	$58,000	$6,500	N/A
2020	$19,500	$37,500	$57,000	$6,500	N/A

IRA Limits

Tax deductible IRA contributions are based on qualifying income ranges and spousal participation in employer sponsored (e.g. 401K plans). You can make the maximum contribution (plus $1,000 more if over 50) if you make above the maximum income ranges, but you won’t get a tax deduction. However for higher income earners this is still worth doing as all capital gains are tax-free.

Year	IRA Contribution Limit	IRA Contribution - Tax Deduction Qualification Income Phase-out Ranges
2026	$7,500 ($8,600 if > 50 years old)	(Single and have Employer Plan) - 81,000 to $91,000 (Married and have Employer Plan) - $129,000,000 to $149,000 (Married Filing Separately and have Employer Plan) - $0 to $10,000 (Married filing jointly with a spouse covered by a plan at work) - $240,000 to $250,000
2025	$7,000 ($8,000 if > 50 years old)	(Single and have Employer Plan) - $79,000 to $89,000 (Married and have Employer Plan) - $126,000,000 to $146,000 (Married Filing Separately and have Employer Plan) - $0 to $10,000 (Married filing jointly with a spouse covered by a plan at work) - $236,000 to $246,000
2024	$7,000 ($8,000 if > 50 years old)	(Single and have Employer Plan) - $77,000 to $87,000 (Married and have Employer Plan) - $123,000,000 to $143,000 (Married Filing Separately and have Employer Plan) - $0 to $10,000 (Married filing jointly with a spouse covered by a plan at work) - $230,000 to $240,000
2023	$6,500 ($7,500 if > 50 years old)	(Single and have Employer Plan) - $73,000 to $83,000 (Married and have Employer Plan) - $116,000,000 to $136,000 (Married Filing Separately and have Employer Plan) - $0 to $10,000
2022	$6,000 ($7,000 if > 50 years old)	(Single and have Employer Plan) - $68,000 to $78,000 (Married and have Employer Plan) - $109,000 to $129,000 (Married Filing Separately and have Employer Plan) - $0 to $10,000

See more on IRA rules and changes

Roth IRA limits

Roth IRA contributions are only allowed for those below the maximum phase-out income range limits shown in the table below. The maximum contribution is allowed for those below the lower end of the phase-out income range limits. See more on latest Roth IRA changes and what this means for you.

Year	Roth IRA Contribution Limit	Single Filer and HoH Income Phase Out Range	Married, Joint Filer Income Phase Out Range	Married, Filing Separate Income Phase Out Range
2026 (est)	$7,500 ($8,600 if 50 or older)	$154,000-$169,000	$240,000–$250,000	$0–$10,000
2025	$7,000 ($8,000 if 50 or older)	$150,000-$165,000	$236,000–$246,000	$0–$10,000
2024	$7,000 ($8,000 if 50 or older)	$146,000-$161,000	$230,000–$240,000	$0–$10,000
2023	$6,500 ($7,500 if 50 or older)	$138,000–$153,000	$218,000–$228,000	$0–$10,000
2022	$6,000 ($7,000 if 50 or older)	$129,000–$144,000	$204,000–$214,000	$0–$10,000

See more details and eligibility rules in our retirement accounts resource page.