Skip to main content
Full Menu Close Menu
Secure Your Future

TDA contribution limits to increase in 2023

New York Teacher

The Internal Revenue Service has announced that the maximum contribution people may make to their Tax-Deferred Annuity accounts will increase in 2023.

People who are younger than age 50 will be able to contribute as much as $22,500 in 2023, up from $20,500 in 2022. People age 50 and older will be able to contribute up to $30,000 in 2023, up from $27,000 in 2022.

UFT members with at least 15 years of city employment who have not contributed to a TDA account for many years may be eligible to make additional contributions. Contact TRS or BERS if you believe you may be eligible.