By factoring inflation into the tax rates and certain other amounts, the law protects taxpayers from losing the value of various benefits. Each fall, the IRS issues two documents detailing the results of these adjustments for the coming year.
2025
- IR-2024-273, IRS releases tax inflation adjustments for tax year 2025
- IR-2024-285, 401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000
2024
- IR-2023-208, IRS provides tax inflation adjustments for tax year 2024
- IR-2023-203, 401(k) limit increases to $23,000 for 2024, IRA limit rises to $7,000
2023
- IR-2022-182, IRS provides tax inflation adjustments for tax year 2023
- IR-2022-188, 401(k) limit increases to $22,500 for 2023, IRA limit rises to $6,500
2022
- IR-2021-219, IRS provides tax inflation adjustments for tax year 2022
- IR-2021-216, IRS announces 401(k) limit increases to $20,500
2021
- IR-2020-245, IRS provides tax inflation adjustments for tax year 2021
- IR-2020-240, Income ranges for determining IRA eligibility change for 2021
2020
- IR-2019-180, IRS provides tax inflation adjustments for tax year 2020
- IR-2019-179, 401(k) contribution limit increases to $19,500 for 2020; catch-up limit rises to $6,500
2019
- IR-2018-222, IRS provides tax inflation adjustments for tax year 2019
- IR-2018-211, 401(k) contribution limit increases to $19,000 for 2019; IRA limit increases to $6,000
2018
- IR-2017-178, In 2018, some tax benefits increase slightly due to inflation adjustments, others unchanged
- IR-2017-177, IRS announces 2018 pension plan limitations; 401(k) contribution limit increases to $18,500 for 2018