IRS revamps popular tax break for 401(k) contributions— and change could raise your tax bill

The IRS has announced significant changes to the tax break for 401(k) contributions, particularly affecting high earners. Starting in 2026, workers making $145,000 or more will be required to use Roth accounts for catch-up contributions. This shift could lead to higher tax bills for many, as Roth contributions are made with after-tax dollars. It's a crucial update that could impact retirement savings strategies for those in higher income brackets, making it essential for individuals to reassess their financial plans.