Irs 2023 Plan Maximums And Limits
If a cafeteria plan permits the carryover of. Workplace retirement plan contribution limits for 2023 for those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to. Saturday, october 22, 2022 the irs has released the plan limits for 2023. The 2023 limit for employee salary reduction contributions to health flexible spending accounts increases by $200 to $3,050.
For 2023, the annual contribution limit for 401 (k)s, 403 (b)s, most 457 plans, and thrift savings plan is $22,500, up from $20,500 in 2022. The 2023 limit for employee salary reduction contributions to health flexible spending accounts increases by $200 to $3,050. The agency also released tax brackets for ordinary income and long. Please be certain to review the limits and update your systems accordingly.