2023 401K and IRA Limit Increases
The limit for both 401k and IRA plans has increased in 2023. The increase in the contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan raises it to $22,500 from $20,500. The limit on annual contributions to an IRA increased to $6,500, up from $6,000. […]
