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

The Wall Street Journal

The Wall Street Journal

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Today's News

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.

Outline

  • 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.