IRS: You Can Contribute More to Retirement Starting in 2023
In October 2022, the Internal Revenue Service (IRS) announced contribution limitation adjustments for employee retirement plans in response to inflation. The IRS issued Notice 2022-55, which describes cost-of-living adjustments for retirement and pension plans. The changes are effective as of January 1, 2023. Increases to Contribution Limits for Retirement Plans in the New Year In 2023, […]
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