401k Contribution Limits for 2023
Key Points Employers can funnel $22,500 to 401k savings in the 2023 tax year. This increases the 2022 contribution limit to $2,000. In 2022, the contribution limit for an individual retirement plan (IRA) is $6,000. You may be curious about how much money you could contribute each year to your 401k. The Internal Revenue Service […]
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