- The Finance Gourmet

401k Contribution Limits 2022 and 2023

October 31, 2022March 22, 2022 by Finance Gourmet

401k contribution limits prevent higher income taxpayers from stuffing too much money tax-free into their 401k plans. Each year, the IRS adjusts tax numbers due to either tax law changes, or statutorily mandated adjustments. However, in some cases, the tax amounts are tied to inflation so that they automatically adjust. In …

New 2022 Tax Numbers Released – Good News for Taxpayers

January 22, 2023November 12, 2021 by Finance Gourmet

The IRS just released the new tax inflation adjustments for 2022. As you are likely aware the IRS adjusts some tax deductions and income limits for inflation each year. The new 2022 tax numbers are higher across the board thanks to higher inflation numbers than the last few years. New …