2023 Irs Pension Plan Limits
The “regular” contribution limit for employees who participate in. For the 2023 year there will be a significant increase in all of the key retirement plan limits. 2023 retirement plan limits increase. Irs contribution limit changes for 2023.
The elective deferral (contribution) limit for employees who participate in 401 (k), 403 (b), most 457 plans, and the federal government’s thrift savings plan. The adjusted gross income limitation under section 25b(b)(1)(a) for determining the retirement savings. The deferral limit increased by $2,000 to $22,500 and the overall dc contribution limit increased. The irs has increased the contribution limit to these types of accounts to $6,500 in 2023 from $6,000 in 2022.