Government Tables

2022 Retirement Plan Limits

Limit

2022

2021

2020

401(k), 403(b), 457(b) Deferral Limit

$20,500

$19,500

$19,500

401(k), 403(b), 457(b) Catch-up Limit

$6,500

$6,500

$6,500

Highly Compensated Employee

$135,000

$130,000

$130,000

Compensation Limit

$305,000

$290,000

$285,000

Defined Contribution 415 Limit

$61,000

$58,000

$57,000

Key Employee Officer

$200,000

$185,000

$185,000

Defined Benefit 415 Limit

$245,000

$230,000

$230,000

Governmental Plan Comparision Limit $1,230,000 $1,165,000 $1,150,000

ESOP 409(o) Limit

$245,000

$230,000

$230,000

Simple Plan Deferral Limit

$14,000

$13,500

$13,500

Simple Plan Catch-up Limit

$3,000

$3,000

$3,000

Traditional IRA, Roth IRA Contribution Limit

$6,000

$6,000

$6,000

Traditional IRA, Roth IRA Catch-up Limit

$1,000

$1,000

$1,000

HSA Contribution Limit

(Employer + Employee)

Individual: $3,600

Family: $7,200

Individual: $3,600

Family: $7,200

Individual: $3,550

Family: $7,100

HSA Catch-up Limit

$1,000

$1,000

$1,000

Taxable Wage Base

$147,000

$142,800

$137,700

 

 

Social Security Increases
The Social Security Administration announced an increase in the taxable wage base (TWB) for 2022 from $142,800 to $147,000. Workers pay Social Security tax on wages up to the TWB. Also, some retirement plan formulas are integrated with Social Security. These plans often use the TWB when allocating contributions or calculating benefits.


 Individual Income Tax Rates


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.