IRS announces record increases in contribution limits for 401(k) and IRA for 2023
The IRS announced last week that it has increased the contribution limits for 401(k) and IRA accounts for 2023. Beginning next year, you will be able to contribute up to $22,500 to your 401(k) for 2023. IRA contribution amounts were also increased to $6,500 for 2023. These numbers are adjusted for inflation and represent an […]
