Various Limits

2022

2023

 401(k) Deferral Limit
$20,500
$22,500
 Catch-up Deferral Limit
$6,500
$7,500
 DC Annual Addition Limit
$61,000
$66,000
 Compensation Limit
$305,000
$330,000
 Highly Compensated Employee Comp
$135,000
$150,000
 Key Employee Officer Compensation
$200,000
$215,000
 Taxable Wage Base
$147,000
$160,200

Traditional IRA Tax Deduction Income Limits for 2022 and 2023

FILING STATUS 2022 INCOME 2023 INCOME DEDUCTION
Single, head of household or qualifying widow(er) Less than $68,000 Less than $73,000 Full deduction up to the contribution limit
$68,000 to $78,000 $73,000 to $83,000 Partial deduction
More than $78,000 More than $83,000 No deduction
Married filing jointly or qualifying widow(er) Less than $109,000 Less than $116,000 Full deduction up to the contribution limit
$109,000 to $129,000 $116,000 to $136,000 Partial deduction
More than $129,000 More than $136,000 No deduction
Married filing separately Less than $10,000 Less than $10,000 Partial deduction
More than $10,000 More than $10,000 No deduction