The IRS on Thursday announced updates to tax rules for tax year 2026, including new limits for what you can contribute to individual retirement accounts.
You’ll be able to contribute up to $7,500 to traditional and Roth IRAs, a $500 boost from the limit in 2025. Savers age 50 and older can stash an extra $1,100 a year in the form of a catch-up contribution — up from $1,000 in 2025.