IRS offers new relief options to help with tax bills during coronavirus pandemic
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Fox BusinessMegan Henney
IRS offers new relief options to help with tax bills during coronavirus pandemic
The IRS unveiled new debt relief options on Monday for taxpayers still reeling from the coronavirus pandemic.
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The IRS has announced new 401(k) contribution limits for 2026, increasing the employee deferral limit to $24,500 next year, up from $23,500 in 2025. The agency also unveiled 2026 catch-up contribution limits for savers age 50 and older, new individual retirement account savings limits and higher income thresholds for Roth IRA contributions. Read more: cnb.cx/49MZQGM | CNBC
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The IRS has announced new 401(k) contribution limits for 2026, increasing the employee deferral limit to $24,500 next year, up from $23,500 in 2025. The agency also unveiled 2026 catch-up contribution limits for savers age 50 and older, new individual retirement account savings limits and higher income thresholds for Roth IRA contributions. Read more: cnb.cx/49MZQGM | CNBC
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