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Today’s Lead Story
Saturday, November 14

Retirement

IRS Sets 2027 Retirement Contribution Limit at $25,500 for 401(k) Plans

via Internal Revenue Service

The IRS released its 2027 cost-of-living adjustments, raising the annual limit for 401(k), 403(b), and most 457 plans by $500 to $25,500. The IRA contribution ceiling stays unchanged at $7,500, while the gift tax exclusion rises to $20,000 per person.

Why it matters

Workers who want to maximize their tax-advantaged savings next year should update their payroll contribution elections before January to capture the full new limit.

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