{"id":144146,"date":"2025-11-20T04:33:14","date_gmt":"2025-11-20T04:33:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/144146\/"},"modified":"2025-11-20T04:33:14","modified_gmt":"2025-11-20T04:33:14","slug":"irs-raises-retirement-contribution-limits-for-2026-the-presidential-prayer-team","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/144146\/","title":{"rendered":"IRS Raises Retirement Contribution Limits for 2026 \u2013 The Presidential Prayer Team"},"content":{"rendered":"<p><img width=\"730\" height=\"438\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/11\/money-cash-calculator-730x438.jpeg\" class=\"attachment-wise-post-thumb size-wise-post-thumb wp-post-image\" alt=\"\" decoding=\"async\" loading=\"lazy\"  \/>\t\t\t<\/p>\n<p>Limits have been increased by $500 and more for various savings plans.<\/p>\n<p>The Internal Revenue Service (IRS) announced increased limits for 401(k) and Individual Retirement Account (IRA) plans in 2026. The agency raised the amount $1,000 for 401(k) accounts and $500 for IRA accounts.\n<\/p>\n<p>The IRS stated, \u201cParticipants in most 401(k), 403(b), governmental 457 plans and the federal government\u2019s Thrift Savings Plan who are 50 and older generally can contribute up to $32,500 each year, starting in 2026.\u201d\n<\/p>\n<p>The agency stated that the catch-up contribution limit for individuals 50 and over includes an annual cost-of-living adjustment, which was made under the SECURE 2.0 Act of 2022.\n<\/p>\n<p>As the Lord Leads, Pray with Us\u2026<\/p>\n<p>For Acting IRS Commissioner Scott Bessent as he serves in the dual role while he heads the Treasury Department.<br \/>\nFor IRS officials as they review the cost-of-living and make adjustments to retirement account contributions.<\/p>\n<p class=\"has-text-align-right has-cyan-bluish-gray-color has-text-color\"> Sources: UPI, Internal Revenue Service, AP News\n<\/p>\n<p>RECENT PRAYER UPDATES<\/p>\n","protected":false},"excerpt":{"rendered":"Limits have been increased by $500 and more for various savings plans. The Internal Revenue Service (IRS) announced&hellip;\n","protected":false},"author":2,"featured_media":128136,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[138,246,111,139,69,244,245],"class_list":{"0":"post-144146","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-new-zealand","11":"tag-newzealand","12":"tag-nz","13":"tag-personal-finance","14":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/144146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=144146"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/144146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/128136"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=144146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=144146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=144146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}