Retirement Contribution Limits

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  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.

 

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