401(k) hike 2026: IRS makes big announcement- Check new contribution limits

The Internal Revenue Service (IRS) has announced that for the tax year 2026, the annual contribution limit for workplace retirement plans like 401(k), 403(b), and most 457 plans will increase to $24,500, up from $23,500 in 2025. IRS tax bracket breakdown: Income categories, changes in capital gains explained for US taxpayers(REUTERS) Read more: IRS to disburse $1,390 payments amid inflation, here is how & when you will get Bigger limits, bigger opportunity...