Retirement Contribution Limits
| 2022 | 2023 | |
| Roth/Traditional IRA | $6,000 | $6,500 |
| Over 50 | $7,000 | $7,500 |
| Profit Sharing/SEP | $61,000 | $66,000 |
| 401(k) | $20,500 | $22,500 |
| Over 50 | $27,000 | $30,000 |
| Simple IRA | $14,000 | $15,500 |
| Over 50 | $17,000 | $19,000 |
The deadline for funding your 2022 Traditional and Roth IRA is 4/18/2023.The deadline for funding other retirement contributions is either 4/18/2023 or the extended due date of your tax return.
