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Are there any other changes to 403b contribution limits in 2023?

Those with 401 (k), 403 (b), 457 plans, and similar accounts will see a $2,000 increase for 2023, the limit rising to $22,500. Those aged 50 and older will now have the ability to contribute an extra $7,500, bringing their total limit to $30,000.

What is the catch-up contribution limit for 403b in 2023?

401k/403b/457/TSP contribution limit will go up by $2,000 from $20,500 in 2022 to $22,500 in 2023. This limit usually goes up by $500 at a time but higher inflation is making it go four steps in one year. If you are age 50 or over by December 31, the catch-up contribution limit will go up by $1,000 from $6,500 in 2022 to $7,500 in 2023.

What is the 401k contribution limit for 2023?

The 401 (k) contribution limit will increase to $22,500 in 2023. Some of the income limits for 401 (k) plans will also increase. The 401 (k) contribution limit is $22,500. The 401 (k) catch-up contribution limit is $7,500 for those age 50 and older. The limit for employer and employee contributions will be $66,000.

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