IRS raises 401(k) contribution limit by $1,000 for 2027 as retirement savings caps increase

The IRS has increased the amount workers can contribute to their 401(k) , up $1,000 from last year.

The government inflation-adjusted the 2027 limit to $25,500, a boost from 2026’s $24,500 limit, according to a recent IRS release.

"Along with the Working Families Tax Cuts, this increase in the pension limitations will help American families keep more of their hard-earned income," IRS Chief Executive Officer Frank J. Bisignano said in a statement.

"With the new adjustment in place now, the IRS is giving taxpayers and employers the information needed to make retirement planning decisions for the year ahead."

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