Inflation Causing IRS to Raise 2023 Contribution Limits for 401(k)s, IRAs

Today, there has been a surge in pediatric respiratory viruses straining hospitals, inflation has caused the IRS to raise contribution limits for 401(k)s and IRAs for 2023, and Google is in talks to invest $200 million into an AI startup.

• The number of pediatric respiratory viruses have increased and hospitals are struggling to keep up.
• The cost of living has increased, which has caused the IRS to raise the contribution limits for 401(k)s and IRAs in 2023.
• Google is in talks to invest $200 million into an AI startup.