The IRS announced today the cost-of-living adjustment affecting dollar limitation for retirement plans for 2023: an increase to $22,500 from $20,500 and $30,000 from $27,000 for those over 50.
IRS Release 2021 Contribution Limits today: 401(k), 403(b) & 457 Plans Elective Deferrals are $19,500 and an additional $6,500 for those age 50+. IRAs is $6,000 or $7,000 age 50+. No change from 2020.