New Delhi, Nov. 13 -- The US federal government's tax collection and enforcement agency, the Internal Revenue Service (IRS), on Thursday, 13 November 2025, announced the new retirement contribution limits, according to the official release.
According to the official data, an individual can now contribute $500 more to their Individual Retirement Account (IRA) from 2026. The IRA contribution was increased to $7,500 per year, compared to their earlier $7,000 levels in 2025.
The IRS also increased the IRA catch-up contributions for investors with the age of 50 years and above to $1,100, compared to its current $1,000 level.
"The limit on annual contributions to an IRA is increased to $7,500 from $7,000. The IRA catch‑up contribution ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.