The Internal Revenue Service (IRS) has announced new income limits for Roth IRA contributions for the 2026 tax year. The limits are reduced to $730,000 for individual contributors, compared to $160,000 in previous years. These limits apply to taxable investment income from all sources, including retirement accounts. The IRS clarifies that these limits are intended to promote long-term financial security and protect taxpayers from excessive contributions. Investment professionals are advised to review current tax regulations to ensure compliance.
Credits: US Top News and Analysis
