2023 401(k) Contribution Deadline

Year-end is the deadline for making max 401(k) contributions that can increase your savings for retirement and help lower your tax bill.

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Making the maximum contributions to your retirement plan can increase your savings for retirement and lower your taxes. But the end of the year means the 2023 401(k) contribution deadline arrived.

Here is some information to help you take advantage of tax breaks associated with your retirement savings plan — including the 2023 401(k) contribution limits (and new 401(k) contribution limits for 2024.)

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Kelley R. Taylor
Senior Tax Editor, Kiplinger.com

As the senior tax editor at Kiplinger.com, Kelley R. Taylor simplifies federal and state tax information, news, and developments to help empower readers. Kelley has over two decades of experience advising on and covering education, law, finance, and tax as a corporate attorney and business journalist.