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IRS Increases 401(k) and IRA Contribution Limits

October 21, 2022 

IRS Increases 401(k) and IRA Contribution Limits

The amount individuals can contribute to their 401(k) plans in 2023 to $22,500, up from $20,500 for 2022. The IRS has also issued technical guidance regarding all of the cost‑of‑living adjustments ...