IRS Ups Contribution Limits to 401(K) Plans
February 07, 2022 at 16:09 PM EST
People who have maxed out their 401(k) contributions can now put an extra $1,000 into their defined contribution plans this year, thanks to new contribution limits the IRS announced. According to the agency, the 2022 contribution limit for 401(k) plans has increased to $20,500, up from $19,500 in...
