Secure Act 2.0 Catch-Up Updates for IRAs
The basic annual pre-tax contribution limit is $23,500 for standard IRA plans. However, the latest iteration of the Secure 2.0 Act includes two significant changes:
Catch-up contributions for employees age 50 and over can be made up to $7,500, for a total of $31,000. However, employees age 60-63 may contribute up to $11,250 as catch up, to a total of $34,750.
Effective January 1, 2026, all catch-up contributions made by employees earning $145,000 or more must be made from after-tax funds (i.e., Roth), for age 50 and up. The total allowable contribution limits remain as above.
