Do you know what's changing for retirement plans in 2023? The IRS has announced the 2023 plan limits, and these changes will take effect in the upcoming tax year on retirement-related items. Employees in 401(k) plans will be able to contribute up to $22,500 next year. The limit increased by $2,000 from 2022.
Why are these numbers important to you? There are limits to how much you can contribute to your retirement account, and they can change from year-to-year, so it's important to stay up-to-date. Check out our infographic that details all the changes you'll want to be aware of for the coming year.
Click below to download our 2023 Employee Plan Limits Infographic: