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Retirement Savings Limits 2020-2021-2022-2023

 

 

2020 - 2021 - 2022 - 2023

**IRA (Self/Spouse):                    $6,000 in 2020,2021,2022; $6,500 in 2023

**IRA (50 & Over):                       Additional $1000 in 2020,2021,2022,2023

401(k) & 403(b):                        $19,500 in 2020; $19,500 in 2021; $20,500 in 2022; $22,500 in 2023

401(k) & 403(b)-50 & Over:      $26,000 in 2020; $26,000 in 2021; $27,000 in 2022; $30,000 in 2023

 

**NOTE:  IRA Contributions are subject to reduction if either taxpayer or spouse is covered by employer retirement plan