Author: uspt29

The IRS unveiled contribution limit changes for popular retirement plans, including 401(k) plans and IRAs. Americans who contribute to 401(k) and 403(b) plans, as well as governmental 457 plans and the federal government's Thrift Savings Plan, will see their contribution limit rise to $24,500 in 2026 — an increase from $23,500 in 2025 — the IRS announced in November. The IRA contribution limit is also rising in the new year, increasing to $7,500 in 2026 from $7,000 in 2025. Read the article here: https://www.foxbusiness.com/economy/irs-reveals-updated-retirement-contribution-limits-2026

Agents are enjoying our 2 week shutdown. See you next year.