#catch-up-contributions

#catch-up-contributions

This limit was amended under the SECURE 2.0 Act of 2022, and the the annual cost-of-living adjustment will rise to $1,100 in 2026, up $100 from this year's figure. The catch-up contribution limit that applies to most of the 50-and-older worker population will also go up by $500 next year to a cap of $8,000. A higher catch-up limit of $11,250 applies to workers ages 60-63. The IRS clarified that any plan participants who are at least 50 will generally be able to contribute as much as $32,500 per year starting in 2026.