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A comment on The IRS is increasing the standard deductions for 2023 as inflation intensifies. Parent comment
* 20,500 -> 22,500 : 401K employee contribution limit changes
* 6,000 -> 6,500 : IRA contribution limit changes, for those under age 50
* 6,000 -> 7,500 : IRA contribution limit changes for those age 50 and older (includes $1000 catch-up)
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* 20,500 -> 22,500 : 401K employee contribution limit changes
* 6,000 -> 6,500 : IRA contribution limit changes, for those under age 50
* 6,000 -> 7,500 : IRA contribution limit changes for those age 50 and older (includes $1000 catch-up)