Irs 2023 Max 401K Contribution
That means employees can set. Starting next year, you will be allowed to. $15,500 in 2023 ($14,000 in 2022, $13,500 in 2021 and 2020; Irs contribution limit changes for 2023.
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/cmg/3HNGUYRUBDWM22XWUQT3RQQU5E.jpg "IRS raises contribution limits for retirement savings plans Boston 25")
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/cmg/3HNGUYRUBDWM22XWUQT3RQQU5E.jpg "IRS raises contribution limits for retirement savings plans Boston 25")
But in 2023, the 401 (k) contribution limit increases to $22,500. © sakibul hasan | dreamstime.com back in june, milliman projected that rampant inflation this year would lead to the 401k contribution limit for 2023 to jump to. $15,500 in 2023 ($14,000 in 2022, $13,500 in 2021 and 2020; That's an almost 10% increase.