IRS Announces 2023 Retirement Plan Limits
IRS Announces 2023 Retirement Plan Limits Important Dates: The amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500. The Internal Revenue Service (IRS) has released Notice 2022-55, containing cost-of-living adjustments for 2023 that affect amounts employees can contribute to 401(k) plans and individual retirement accounts (IRAs). 2023 Increases The employee contribution […]
IRS 401(k) Limits for 2022
IRS 401(k) Limits for 2022 New IRS 401(k) Limits for 2022* *Source: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits
IRS 401(k) Limits for 2019*
New IRS 401(k) Limits for 2019* *Source https://www.irs.gov/pub/irs-drop/n-18-83.pdf For employees wishing to max out their contributions for the year in 2019, below are the necessary contribution amounts: Pay frequency Weekly Bi-Weekly Semi-Monthly Monthly # of Pay Periods 52 26 24 12 Under 50 Years Old $ 365.38 $ 730.77 $ 791.67 $ 1,583.33 Over 50 Years […]
