The IRS on Friday increases the amount you can save for retirement in 2023.
Mandatory Credit:	Adobe Stock

The IRS on Friday increases the amount you can save for retirement in 2023.
Mandatory Credit: Adobe Stock

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Unprecedented 401(k) boost: IRS increases amount you can save for retirement in 2023

The IRS on Friday announced a record increase in contribution limits to 401(k) and other tax-deferred retirement plans for 2023.