2022 COLA Retirement Plan & Benefit Limits

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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.