IRS Releases 2022 Contribution Limits

22.12.21 03:04 PM - Comment(s) - By Franco Suarez

These limits largely mirrored industry predictions that have come out over the past few months.

Plan Type

401(k), 403(b) & 457 Plans

Elective Deferrals

Catch-Up Contribution Limits

Defined Contribution Limits

Annual Compensation

IRAs

Contribution Limit Deferrals

Catch-Up Contributions (age 50+)

IRA AGI Deduction Phase-Out Start at

Joint Return

Single or Head of Household

SEP

Minimum Compensation

Maximum Compensation

SIMPLE Plans

Maximum Contribution

Catch-Up Contributions

2022

 

$20,500

$6,500

$61,000

$305,000

 

$6,000

$1,000

 

$109,000

$68,000

 

$650

$305,000

 

$14,000

$3,000

2021

 

$19,500

$6,500

$58,000

$290,000

 

$6,000

$1,000

 

$105,000

$66,000

 

$650

$290,000

 

$13,500

$3,000

Income ranges for eligibility have all increased by the COLA and full details can be found on the IRS website





Franco Suarez

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