2023 Retirement Plan Contribution Limits
Retirement plan contribution limits regularly increase. In response to inflation, the IRS announced substantial increases to many of these limits for 2023. Be mindful of contribution limits and consider maxing out your retirement accounts to reduce your tax bill and ensure you have enough money for the future. Don’t forget –you can still make specific contributions for 2022 until Tax Day and may be eligible for catch-up contributions.
Have additional questions about funding your retirement account(s) or making 2022 contributions before Tax Day? Contact our office at 516-294-5287 to schedule a visit.