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IRS Raises Contribution Limits for 401K and Other Retirement Accounts in 2023

Por: NBC 6 South Florida World October 22, 2022

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Andrew Harrer Bloomberg Getty Images Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year. The said Friday that the maximum contribution that an individual can make in 2023 to a 401(k), 403(b) and most 457 plans will be $22,500. That's up from $20,500 this year. People aged 50 and over, which have the option to make additional “catch-up” contributions to 401(k) and similar... + full article



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