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The IRS on Friday raised contribution limits for tax-advantaged retirement accounts to adjust for soaring inflation. In 2023, individuals will be able to contribute $22,500 to their 401(k), 403(b ...
Changes to retirement plan contributions. The Internal Revenue Service announced record-high maximum annual contributions to 401(k) and similar retirement accounts for 2023. Workers who have a 401 ...
Although 2023 is entering its final stretch, there are still things you need to know about this year's tax changes that can impact your retirement accounts. For the most part, the changes are ...
The contribution limit for 401(k) plans in 2023 is $22,500; for those 50 and older you can add another $7,500, for a total of $30,000. ... The amount you contribute to a 401(k) or traditional IRA ...
Contribution limits for 401(k) and other workplace retirement plans rise for 2025. Sixty- to 63-year-olds get a super contribution for the first time. IRS raises 401(k) contribution limits, adds ...
Last fall, the Internal Revenue Service (IRS) announced it was increasing the amount limits one can contribute to retirement savings to help counter a financial year troubled by turbulent markets ...