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Edward A. Wodarczyk

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    IRS and SSA Announce 2023 Indexed Numbers

    Edward A. Wodarczyk, Esq.,, (412) 594-3920

    The IRS and Social Security Administration have announced cost-of-living increases for retirement plans and other employee benefit plans for 2023.

    Compensation Limit$305,000$330,000
    Highly Compensated Employee135,000150,000
    401(k), 403(b), 457(b) Deferral Limit20,00022,500
    Age 50 Additional Catch-up Limit6,5007,500
    Defined Contribution Plan Limit61,00066,000
    Defined Benefit Plan Limit245,000265,000
    Social Security Wage Base147,000160,200
    HSA Individual Contribution Limit3,6503,850
    HSA Family Contribution Limit7,3007,750
    Health FSA Limit2,8503,050

    See the IRS website for more details regarding cost-of-living increases.

    For more information, contact Ed Wodarczyk at (412) 549-3940 or

    November 10, 2022

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