401(k) elective deferral limit, 2026

For 2026, the limit on employee elective deferrals to 401(k), 403(b), and most 457 plans (the 26 U.S.C. 402(g)(1) exclusion limit) increased from $23,500 to $24,500. The IRA annual contribution limit for 2026 is $7,500. Authority: 26 U.S.C. 402(g)(1); IRS Notice 2025-67.