New year, new contribution limits! Each year typically introduces updated limits for various retirement and savings accounts. We’ve compiled this convenient reference guide to help you maximize your tax-advantaged savings in 2026.
401(k), 403(b), and Most 457 Plans
The 2026 base limit is $24,500 (up $1,000 from 2025), plus catch-up contributions for those 50+. This limit applies to your combined traditional and Roth 401(k) contributions. Always contribute enough to capture your full employer match—it’s free money!
Traditional IRA and Roth IRA
The 2026 limit is $7,500 (up $500 from 2025), plus catch-up contributions for those age 50+. This limit covers your combined Traditional and Roth IRA contributions—you can split it however you choose if eligible.
Roth IRA eligibility phases out based on your Modified Adjusted Gross Income (MAGI): $153,000-$168,000 for single filers and $242,000-$252,000 for married couples filing jointly. If you exceed these limits, ask your financial advisor about backdoor Roth conversions.
Health Savings Accounts (HSAs)
To qualify for an HSA, you must be enrolled in a high-deductible health plan with a minimum annual deductible of $1,700 for individual coverage or $3,400 for family coverage. For 2026, you can contribute up to $4,400 for individual coverage or $8,750 for family coverage.
Remember that HSAs offer triple tax advantages: tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses.
Healthcare Flexible Spending Accounts (FSAs)
The 2026 limit is $3,400 (up $100). Unused funds up to $680 can roll over to 2027. FSAs cover significant expenses like dental procedures, but also everyday items, including sunscreen, over-the-counter cold medications, and vitamins. Just remember that standard plans typically require you to use the funds within the calendar year, with limited carryover permitted beyond the specified amount.
Commuter Costs
Are you spending money on transportation to work or parking fees? Many employers provide reimbursement programs or pre-tax benefit options. For 2026, the IRS has raised commuter benefit limits to $340 monthly for public transit and $340 monthly for parking expenses.
Maximizing contributions to these accounts is one of the best ways to reduce taxes while building wealth!