The annual contribution limits are periodically indexed and there is significant interplay between these limits that can be quite confusing. Listed below are the limits for 2023: Employee contributions, pre-tax and ROTH 401(k)– $22,500 with an additional catch-up contribution of $7,500 for i...
Benefit and Contribution Limits for 2025 Williams Mullenon11/5/2024 The Commissioner of Internal Revenue announced the 2025 dollar limitations for benefits and contributions that apply to retirement plans. The Social Security Administration increased the Social Security taxable wage base...more Retirement...
Contribution Limits for 2022 and 2023 The maximum allowed annual individual contribution to traditional IRAs in 2022 is $6,000. If your age is 50 or more, you can also make a $1,000 catch-up contribution, for a total of $7,000. The maximum annual individual contribution for 2023 is $6...
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