Good News Higher 401(k) Contribution Limits Announced By IRS For 2022

Good News Higher 401(k) Contribution Limits Announced By IRS For 2022

- in Featured, Retirement
83
0

There is some good news from the IRS for retirement savers; they have announced an increase to the contributions limits for workers with a 401(k), 403(b) and 457 defined contribution plans for 2022. Larger contributions will allow you to defer more income from taxation. This will be great for high-income Americans who are facing potentially higher taxes next year under tax proposals from President Biden’s Build Back Better plan.

Read more at Forbes

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like

5 Benefits Of Supercharging Your 2022 401(k) Contributions

Reducing your tax bill seems to be one