IRS to let workers invest more towards retirement
Want to put away more for your retirement? Next year you can.
CNN—Want to put away more for your retirement? Next year you can.
The IRS is going to let you invest nearly 10% more in 2023, adding up to more than $22,000. Currently, it’s about $20,000.
You won’t be surprised to hear the jump is because of inflation.
There was other inflation-related news last week too including changes to federal income tax brackets which likely mean boost in take-home pay early next year.