10/21/2022
IR-2022-188: 401(k) limit increases to $22,500 for 2023, IRA limit rises to $6,500
What does it mean to the taxpayer?
You can actually contribute up to amount without incurring any penalty. In addition you have up to the end of the regular tax filing period ( mid-April) to max it out.
As always feel free to reach out with any questions you may have.
IR-2022-188: 401(k) limit increases to $22,500 for 2023, IRA limit rises to $6,500 Internal Revenue Service (IRS) sent this bulletin at 10/21/2022 12:05 PM EDT IRS Newswire October 21, 2022 News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around T...
