2022 IRS Limits

The IRS has issued their plan limits for calendar year 2022.  Here they are for your convenience.

The Internal Revenue Service announced the dollar limitations for retirement plans and other benefits, beginning January 1, 2021. Some of the limits are listed below.

Maximum Annual Compensation taken into account for determining benefits or contributions to a qualified plan $290,000 $305,000
Basic Elective Deferral Limitation for 401(k), 403(b) and 457(b) Plans  $19,500 $20,500
Catch-up Contribution Limit for Persons Age 50 and older in 401(k), 403(b) or SARSEP Plans $6,500 $6,500
Limitation on Annual Additions to a Defined Contribution Plan $58,000 $61,000
Traditional and Roth IRA Contribution Limits / Age 50 Catch-Up Limit  $6,000 / $1000 $6,000 / $1000
Limitation on Annual Benefits from a Defined Benefit Plan $230,000 $245,000
Social Security Taxable Wage Base for Social Security Tax (6.2%)  $142,800 $147,00
For Medicare Tax (1.45% / 2.35%) No Limit No Limit
Health Savings Accounts: 
        • Individual Contribution Limit
        • Family Contribution Limit
        • Catch-Up Contributions


Health Flexible Spending Accounts5 $2,750 $2,850


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