Latest News
The IRS Has Released the New Retirement Account Limits for 2027 - Journal of Accountancy
On Thursday, November 12th, Notice 2026-66 was issued. It includes updates to dollar limits for qualified retirement plans, including traditional and Roth IRAs.
In 2027, you can contribute $25,500 to your 401(k), up from $24,500 in 2026. This new amount also applies to Sec. 403 (b) and Sec. 457 plans. It also includes the federal government Thrift Savings Plan for Federal employees and uniformed service members. The catch-up contribution limit for employees age 50 and over has increased by $500 to $8,500 for 2027. As a result of a change made in the SECURE 2.0 Act of 2022, the catch-up contribution limit for employees aged 60, 61, 62, or 63 increases to $11,750 in 2027, up from $11,250 in 2026.
However, the contribution amount to IRAs remains $7,500, the same as in 2026. The catch-up contribution for those age 50 and over also remains the same: $1,100.
Martha Waggoner wrote an article covering this topic. Her article includes a link to the full list of retirements and their 2027 changes.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.