New Laws and Regulations in 2026
January 8, 2026
Your retirement goals may not have changed from one year to the next, but each time the calendar resets to January, it is likely that some financial rules and regulations will see changes.
2026 is no exception. There are some notable differences to retirement-related items that could be worth your consideration.
- Roth-Only Catch-Up Contributions: High-income earners (FICA income ≥ $150,000) over age 50 must make catch-up contributions to Roth accounts instead of traditional tax-deferred accounts. The standard contribution limit is $24,500 for 2026 for those under 50. For people aged 50-59, an additional $8,000 may be contributed. That catch-up amount increases to $11,250 for those aged 60-63.
- Higher SALT Deduction Amounts: The SALT (State and Local Tax) deduction cap rose from $10,000 to $40,000 starting in 2025 and reverts to $10,000 in 2030. However, income limits apply and the deduction phases out for those with higher incomes.
- Senior Deduction: As part of the OBBBA signed into law in July, from 2025–2028, taxpayers aged 65+ can claim an extra $6,000 deduction ($12,000 for married couples 65+).
It is hard to keep track of the many changes made to financial laws and regulations each year. Having an experienced professional working with you is a great way to stay informed and well-positioned for where you want to go. Schedule a meeting to speak to our team about crafting a financial strategy that works for you.