On October 21st, the IRS released a number of additional inflation adjustments for 2023, including to certain limits for qualified retirement plans. Perhaps most notably, the annual.
The IRS released additional inflation adjustments for 2023, including to certain limits for qualified retirement plans such as 401k plans. This table provides an overview of Aggregate Annual Contribution Limit, Annual Roth Contribution Limit, and Catch Up Contribution Limit.
The IRS announced its cost of living adjustments applicable to dollar limitations on benefits and contributions for retirement plans effective for Tax Year 2023. The limitation on annual salary deferrals into a 401k or 403b plan will increase from $20,500 to $22,500.
The Internal Revenue Service recently announced its cost-of-living adjustments applicable to dollar limitations on benefits and contributions for retirement plans generally effective.
Internal Revenue Service recently announced its cost-of-living adjustments applicable to dollar limitations on benefits and contributions for retirement plans generally effective for Tax Year 2022 see IRS Notice 2021-61.