2021-2022-2023 TAX FACTS
- News & Updates
- 26 Oct, 2022
| 2021 | 2022 | 2023 | |
| SOCIAL SECURITY TAX LIMIT | $ 142,800 | $ 147,000 | $ 160,200 |
| IRA CONTRIBUTION | $ 6,000 | $ 6,000 | $ 6,500 |
| CATCH-UP (age 50 and over) | $ 1,000 | $ 1,000 | $ 1,000 |
| 401K CONTRIBUTION | $ 19,500 | $ 20,500 | $ 22,500 |
| CATCH-UP (age 50 and over) | $ 6,500 | $ 6,500 | $ 7,500 |
| ANNUAL GIFT TAX EXCLUSION | $ 15,000 | $ 16,000 | $ 17,000 |