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The IRS recently announced new retirement savings contribution limits for 2023. The amount individuals can contribute to their 401(k) plans in 2023 will be $22,500 -- up from $20,500 for 2022 ...
The IRS recently announced a much higher catch-up allowance when contributing towards employer retirement plans, including 401(k)s. This amount is almost double the “regular” catch-up ...
Contribution limits for 401(k) and other workplace retirement plans rise for 2025. ... IRS raises 401(k) contribution limits, adds super catch-up for 60-63 year olds in 2025. Medora Lee, USA TODAY ...
The IRS did not, however, increase the limit on catch-up contributions — that’s the extra amount of money people 50 and older can contribute annually in tax-advantaged plans like 401(k)s, 403 ...
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...
The IRS recently announced some welcome news for higher-income workers with 401(k)s and similar retirement plans. The agency delayed implementing a new rule that would have required catch-up ...
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 ...
Contributing to your a 401(k) is one of the most common and simplest ways to save for retirement. If your workplace offers you a 401(k), you can have money taken out each month, so you don't even ...