401(k) limit increases to $22,500 for 2023, IRA limit rises to …
https://www.irs.gov:443/newsroom/401k-limit-increases-to-22500-for-2023-ira-limit-rises-to-6500
WebOct 21, 2022 · Highlights of changes for 2023. The contribution limit for employees who participate in 401 (k), 403 (b), most 457 plans, and the federal government's Thrift Savings Plan is increased to $22,500, up from $20,500. The limit on annual contributions to an IRA increased to $6,500, up from $6,000.
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