Today news
About the same in other media
IRS Boosts 401(k) Contribution Annual Cap to $20,500
Reading now: 747
WASHINGTON—Workers will be able to set aside up to $20,500 in their 401(k) accounts in 2022, up $1,000 from this year, the Internal Revenue Service said Thursday.
The change is part of the tax code’s annual inflation adjustments and doesn’t require Congress to act. The benefits will go to the small fraction of higher-income people who are able to max out their 401(k) contributions, setting aside more than $20,000 from their current incomes.
Read more on wsj.comAbout this in other media
Venezuela Turns to Flashy Casinos, SUVs and U.S. Dollars for an Economic Boost wsj.com /3 years ago
UK must boost recycling of materials for green industries, report says theguardian.com /3 years ago
Boost for shareholders as parcels help Royal Mail to £311m profit theguardian.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
