Current Contribution Limits & Key Tax Figures

Because you deserve to know — and the numbers change every year.

Contribution limits and tax figures can change from year to year, and different limits are released on different schedules. This page brings several commonly referenced federal figures together in one place and is updated as new guidance becomes available.

Use this as a quick reference, and check the linked IRS resources when a number will affect a tax, retirement, or contribution decision.

Current figures: 2026 tax year • reviewed August 2026

Retirement Accounts

Account	2026 Limit	Notes
IRA (Traditional or Roth) — under 50	$7,500	Combined limit across both account types
IRA — age 50 and older	$8,600	Includes $1,100 catch-up contribution
401(k) / 403(b) — under 50	$24,500	Employee deferral limit; employer contributions are subject to separate overall plan limits
401(k) / 403(b) — age 50–59 and 64+	$32,500	Includes $8,000 catch-up contribution
401(k) / 403(b) — age 60–63	$35,750	SECURE 2.0 enhanced catch-up for this age range only
SIMPLE IRA — general employee limit	$17,000	Certain eligible SIMPLE plans may allow a higher base limit
SIMPLE IRA — general catch-up, age 50+	+$4,000	Generally added to the employee limit; special rules can apply to certain plans
SIMPLE IRA — higher catch-up, age 60–63	+$5,250	Higher catch-up applies for participants who attain age 60, 61, 62, or 63 during the year

Health Savings Account (HSA)

Only available to those enrolled in a qualifying High Deductible Health Plan (HDHP).

Coverage Type	2026 Limit	Notes
Individual HDHP coverage	$4,400
Family HDHP coverage	$8,750	Combined limit — not per person
Catch-up contribution (age 55+)	+$1,000	Per person; must be in separate HSA if both spouses qualify
Family — both spouses age 55+	$10,750	$8,750 + two $1,000 catch-up contributions

⚠️ IMPORTANT — THE FAMILY LIMIT TRAP The family HSA limit is not double the individual limit. If both spouses are covered under family HDHP coverage, the $8,750 family limit is shared across their HSAs before catch-up contributions are considered. Excess contributions that remain in an HSA can generally be subject to a 6% excise tax for each year the excess remains. If you catch an excess contribution, review the IRS correction rules and deadlines.

Roth IRA Income Phase-Outs

Above these modified adjusted gross income (MAGI) thresholds, your ability to contribute directly to a Roth IRA begins to phase out.

Filing Status	Phase-Out Begins	Phase-Out Complete
Single / Head of Household	$153,000	$168,000
Married Filing Jointly	$242,000	$252,000
Married Filing Separately	$0	$10,000

💡 ABOVE THE LIMIT? BACKDOOR ROTH If your income exceeds the phase-out range, consider the backdoor Roth strategy: contribute to a Traditional IRA (no income limits for contributions), then convert to a Roth. The pro-rata rule may apply if you have existing pre-tax IRA funds — consult a tax professional.

Standard Deduction

Filing Status	2026 Amount	Notes
Married Filing Jointly	$32,200
Single	$16,100
Head of Household	$24,150
Additional standard deduction — Single / Head of Household (age 65+ or blind)	+$2,050	Per qualifying condition
Additional standard deduction — Married / Qualifying Surviving Spouse (age 65+ or blind)	+$1,650	Per qualifying condition

Estimated Tax Payment Due Dates

If you have income without automatic withholding (freelance, side income, investments), you generally need to pay estimated taxes quarterly.

Payment	Due Date	Covers Income Earned
Q1	April 15, 2026	January 1 – March 31, 2026
Q2	June 15, 2026	April 1 – May 31, 2026
Q3	September 15, 2026	June 1 – August 31, 2026
Q4	January 15, 2027	September 1 – December 31, 2026

📌 SAFE HARBOR RULE As a general rule, the required annual payment is the smaller of 90% of your expected 2026 tax or 100% of the tax shown on your 2025 return. For certain higher-income taxpayers, 110% replaces 100% if 2025 AGI exceeded $150,000 ($75,000 if married filing separately). Special rules and exceptions can apply.

Car Loan Interest Deduction (2025–2028)

For tax years 2025 through 2028, qualifying taxpayers may deduct up to $10,000 of interest paid on certain loans used to purchase a new, qualifying personal-use vehicle. The deduction is available whether or not you itemize, subject to eligibility rules and income limits.

Detail	Amount / Requirement
Maximum annual deduction	$10,000
Income phase-out — single	Begins above $100,000 MAGI; deduction phases out as income increases
Income phase-out — married filing jointly	Begins above $200,000 MAGI; deduction phases out as income increases
Vehicle requirement	New qualifying vehicle; U.S. final assembly; personal use; loan originated after 2024 and secured by a lien (no leases)
Deduction type	Above-the-line — no need to itemize
Years available	2025 through 2028 under current law