IRS Increases Contribution Limits for 2023

By |2022-11-08T05:52:23+00:00October 24th, 2022|Blog|

By Duke Griffith, Supervising Senior [email protected] On Friday October 21, 2022, the Internal Revenue Service (IRS) announced a record increase on the contribution limits for retirements plans for 2023. This largest ever increase on contribution limits is due to rising inflation rates in the United States. Inflation is up approximately 8.2% for the 12-month