For 2026, SIMPLE-IRA participants age 50 or older can take advantage of catch-up contributions that allow them to save more for retirement while potentially lowering their tax bills. The standard elective deferral limit is $17,000, with an additional $4,000 catch-up for those age 50 to 59 and 64 or older at the end of 2026. Participants who reach age 60, 61, 62 or 63 in 2026 may qualify for an enhanced “super” catch-up contribution of $5,250. Even higher limits may apply for SIMPLE-IRA participants who work for employers that meet certain requirements. Contact us for help determining which rules apply to you and how much you can contribute this year.
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