Quick Answer
Key 2026 limits: 401(k) deferral is $23,500 ($7,500 catch-up age 50+, $11,250 super catch-up age 60-63). IRA contribution is $7,000 ($1,000 catch-up). HSA is $4,300 individual / $8,550 family. Social Security wage base is $176,100. Federal estate tax exemption is $13.99 million. PA income tax remains 3.07% flat. Annual gift exclusion is $19,000 per recipient.
Retirement Plan Contribution Limits
401(k) / 403(b) / 457 Employee Deferral
$23,500
401(k) / 403(b) Catch-Up (Age 50-59, 64+)
$7,500
401(k) / 403(b) Super Catch-Up (Age 60-63)
$11,250
Total 401(k) Limit (Employee + Employer)
$70,000
Traditional / Roth IRA Contribution
$7,000
IRA Catch-Up (Age 50+)
$1,000
SEP IRA Maximum Contribution
$70,000
SIMPLE IRA Employee Deferral
$16,500
SIMPLE IRA Catch-Up (Age 50+)
$3,500
HSA Individual
$4,300
HSA Family
$8,550
HSA Catch-Up (Age 55+)
$1,000
Social Security
Maximum Taxable Earnings (Wage Base)
$176,100
Full Retirement Age (Born 1960+)
67
Early Retirement Reduction (Age 62)
~30% reduction
Delayed Retirement Credit (Per Year After FRA)
8%
Earnings Test (Under FRA)
$23,400/year
Earnings Test (Year Reaching FRA)
$62,160/year
Maximum Monthly Benefit (At FRA)
~$4,018
COLA Adjustment (2026)
2.5%
Federal Income Tax Brackets (Married Filing Jointly)
10% Bracket
$0 – $23,850
12% Bracket
$23,851 – $96,950
22% Bracket
$96,951 – $206,700
24% Bracket
$206,701 – $394,600
32% Bracket
$394,601 – $501,050
35% Bracket
$501,051 – $751,600
37% Bracket
Over $751,600
Federal Income Tax Brackets (Single)
10% Bracket
$0 – $11,925
12% Bracket
$11,926 – $48,475
22% Bracket
$48,476 – $103,350
24% Bracket
$103,351 – $197,300
32% Bracket
$197,301 – $250,525
35% Bracket
$250,526 – $626,350
37% Bracket
Over $626,350
Medicare IRMAA Thresholds (Single / MFJ)
Standard Part B Premium (No Surcharge)
$185/mo — Under $106K / $212K
First IRMAA Tier
$259/mo — $106K–$133K / $212K–$266K
Second IRMAA Tier
$370/mo — $133K–$167K / $266K–$334K
Third IRMAA Tier
$480/mo — $167K–$200K / $334K–$400K
Fourth IRMAA Tier
$591/mo — $200K–$500K / $400K–$750K
Highest IRMAA Tier
$628/mo — Over $500K / $750K
Estate & Gift Tax
Federal Estate Tax Exemption
$13,990,000
Annual Gift Tax Exclusion
$19,000 per recipient
529 Plan 5-Year Gift Election
$95,000 per beneficiary
PA Inheritance Tax — Spouse
0%
PA Inheritance Tax — Children
4.5%
PA Inheritance Tax — Siblings
12%
PA Inheritance Tax — Others
15%
Other Key Numbers
Standard Deduction (Single)
$15,350
Standard Deduction (MFJ)
$30,700
Standard Deduction (65+ Additional)
$1,600 / $2,000 single
PA State Income Tax Rate
3.07% (flat)
Capital Gains Rate (0% Bracket MFJ)
Up to $96,700 taxable income
Capital Gains Rate (15%)
$96,701 – $600,050
Capital Gains Rate (20%)
Over $600,050
Kiddie Tax Threshold
$2,700
Disclaimer: These figures are based on IRS announcements for tax year 2026 and are provided for reference purposes only. Some figures are estimates based on inflation adjustments and may be updated. SKG Wealth Management does not provide tax or legal advice. Consult your CPA or tax advisor for guidance specific to your situation. Pennsylvania state tax figures are current as of publication.
Last updated: January 2026 · SKG Wealth Management · Bookmark this page — updated annually each January
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