2022 COLA Retirement Plan & Benefit Limits
November 5, 2021
The IRS announced contribution and benefit limits for 2022. You may find a printable resource with all limits available below.
To highlight a few that may be of interest to you –
- 401(k) limits increased from $19,500 to $20,500 (with no change to the catch-up limit of $6,500 for those 50 and older).
- Health Savings Account (HSA) limits increased to $7,300 for a family and $3,650 for singles.
- Social Security taxable wage base increased to $147,000.
- Compensation limit increased from $290,000 to $305,000.
Please let us know if we can assist with any of your retirement planning needs.
Resources:
