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The IRS rolled out major changes to 401(k) contribution limits last week, including catch-up contributions for workers aged 50 and older. In an Oct. 21 announcement, the tax agency said the amount...
Since 57.2% of employees nearing retirement contribute to a 401(k), according to the same EBI report, it could mean not as many take advantage of the catch-up contribution anyway.
The IRS released the maximum annual contributions to 401(k) and similar retirement accounts along with IRAs. Retirement contribution limits for 2023 jump by record amount [Video] Skip to main content
According to the agency’s news release, the maximum contribution that an employee can make to a 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan (TSP) is ...
Continue reading → The post 401(k) Contribution Limits for 2022 and 2023 appeared first on SmartAsset Blog. ... is a great way to prepare for retirement, allowing for tax-deferred growth and, in ...
The estate and gift tax exemption for the 2023 tax year is $12.92 million (up from $12.06 million in 2022). ... In addition, the total 401(k) contribution limit (including matching contributions ...
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