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Wake up, high-income earning Americans: a tax shift the size of a wrecking ball is barreling toward your retirement account. Starting in 2026, people age 50 and over who make more than $145,000 in wages (from a single employer) will no longer be allowed to make pretax "catch-up" contributions to their 401(k). Instead, those extra dollars — intended to turbocharge retirement savings in your higher-earning years — must go into Roth accounts, meaning you pay taxes now rather than later.

This is a big deal. For decades, catch-up contributions have been a cherished loophole for folks nearing retirement to shift extra savings into tax-deferred accounts, lowering their current tax bill. Who says that Congress makes tax breaks only for wealthy people? Congress has now removed that pretax catch-up option for higher earners — and in doing so, is effectively yanking away a deduction worth roughly $2,775 to almost $4,000, depending on the state you live in.

Here’s how it works now — and how it will change:

PROGRESSIVE CITIES GAMBLE WITH UNIVERSAL INCOME WHILE INFLATION THREAT LOOMS

If you’re 50 or older, you’ve been allowed to sock away extra money in your 401(k) beyond the standard limit. In 2025, for example, the base deferral limit is $23,500, and catch-up contributions add another........

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