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What is the maximum contribution for those older than 50 years old for 403B 401K?

New IRS contribution limits January 1 2023
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dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

What is the maximum contribution for those older than 50 years old for 403B 401K?

The maximum elective deferral for 2023 for someone age 50 or over in 2023 is $30,000.

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1 Reply
dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

What is the maximum contribution for those older than 50 years old for 403B 401K?

The maximum elective deferral for 2023 for someone age 50 or over in 2023 is $30,000.

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