16 Nov/ 13 Nov

The IRS announced significant updates to tax rules for the 2026 tax year, allowing individuals to save more money tax-free in retirement accounts. Contributions to traditional and Roth IRAs will increase to $7,500, along with other notable rises in retirement plan limits. Despite these increases, research indicates that many Americans feel unprepared for retirement, with only a small percentage maximizing their contributions to retirement plans.

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IRS

The IRS announced significant updates to tax rules for the 2026 tax year, allowing individuals to save more money tax-free in retirement accounts. Contributions to traditional and Roth IRAs will increase to $7,500,...