Tax tip: 2026 401(k) limits

Summary

• The video provides updated 401(k) contribution limits for 2026.
• The standard contribution limit for 2026 will be $24,500.
• Individuals aged 50 and older can make a catch-up contribution of up to $8,000.
• Those aged 60 to 63 can make a catch-up contribution of up to $11,250.
• These limits are subject to change and are for tax planning purposes.
• The video encourages viewers to increase their 401(k) contributions.