2026 Retirement Account Changes for Dallas, TX Taxpayers

How to Maximize Tax Deferred Retirement Savings in 2026

Retirement savings get a boost in 2026 with increased contribution limits and new catch-up provisions.

401(k) and 403(b) Plans

Contribution Limits:

• – Employee contributions: $24,000 (up from $23,500)
• – Catch-up (age 50+): Additional $7,500
• – Super catch-up (ages 60-63): Additional $11,250

Total possible contribution (with employer match): $73,500

IRA Contributions

• – Traditional and Roth IRA: $7,500
• – Catch-up (age 50+): Additional $1,000

Roth IRA Income Limits

• – Single filers: Phase-out begins at $161,000
• – Married filing jointly: Phase-out begins at $240,000

SEP IRA for Self-Employed

• – Maximum contribution: $69,500 or 25% of compensation

Key Strategy: Backdoor Roth IRA

If you exceed Roth IRA income limits:

• 1. Contribute to a traditional IRA (non-deductible)
• 2. Convert to Roth IRA
• 3. Pay taxes on any gains at conversion

SECURE Act 2.0 Updates

• – RMD age: 73 for those turning 72 in 2024+
• – Roth matching: Employers can now deposit matching contributions directly to Roth accounts
• – Student loan matching: Employers can match student loan payments with retirement contributions

Start maximizing your retirement savings today with DWC Tax Pro guidance.