| Limit Type | 2023 | 2022 |
|---|---|---|
| Basic Limit (Section 415 Limit 1,2) | $66,000 | $61,000 |
| General Limit on Salary Reduction Contributions (Section 402 (g) Limit1,2,3) | $22,500 | $20,500 |
| Additional Salary Reduction Contributions 1,3 (Age 50 or over) | $7,500 | $6,500 |
| Limit Type | 2023 | 2022 |
|---|---|---|
| 457(b) Plan Limit 1,2 | $22,500 | $20,500 |
| Limit Type | 2023 | 2022 |
|---|---|---|
| Traditional and Roth IRA Contribution Limits1 | $6,500 | $6,000 |
| Additional IRA Catch-up Contributions (Age 50 or over) | $1,000 | $1,000 |
1 The IRS may adjust future limits annually for inflation. Adjustments, if any, will be in $500 increments.
2 The maximum contribution is the lesser of 100% of compensation or this adjusted limit.
3 Includes employee salary reduction contributions and Roth elective deferral contributions.
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Article • Nov 9, 2021
