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.