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IRA contribution limits are up $500 in 2023

New Retirement Contribution Limits for 2023

New Retirement Contribution Limits for 2023 Near-record levels. The Internal Revenue Service has released new limits for the coming year. After months of high inflation and financial uncertainty, some of these cost-of-living-based adjustments have reached near-record levels. Individual Retirement Accounts (IRAs). IRA contribution limits are up $500 in 2023 to $6,500. Catch-up contributions for those...
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