IRS: These are your 401(k) and IRA contribution limits for 2023 (via CNBCMakeIt)
It may be time to up your 401 contributions. The IRS is increasing the limit by $2,000 for 2023, the agency announced Friday.
Individuals 50 and older can contribute an additional $7,500, increasing for the first time since 2020. That brings the total contribution limit for those 50 and older to $30,000.
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