It’s finally here! The highly requested College for Financial Planning Annual Limits has been updated for 2026.
In addition to the published limits, here are a few notable changes worth keeping in mind as you review client plans this year:
- Mandatory Catch-Up Contributions for High-Earners
- Individuals who earned more than $150,000 in FICA wages in 2025 are now required to make their 401(k)/403(b) catch-up contributions as Roth.
- This rule does not apply to IRAs.
- Updates to Charitable Deduction Rules
- New 0.5% AGI floor for itemized charitable deductions
Example: With an AGI of $100,000, the first $500 of charitable gifts cannot count toward itemizing.
- New charitable deduction for non-itemizers
- Up to $2,000 MFJ for cash charitable donations
- Up to $1,000 for single filers
If you have questions or would like to walk through planning strategies for specific client scenarios, please feel free to reach out or schedule time on my calendar. Always happy to help!
