Retirement Plan Advisors

IRS Announces 2022 Retirement Plan Contribution Limits

Some contribution limits are changing | November 5, 2021

The IRS has announced updated retirement plan contribution limits for 2022.

  • The contribution limit for employees who participate in 457(b) and 403(b) plans, and the federal government’s Thrift Savings Plan, will increase from $19,500 to $20,500.
  • The catch-up contribution limit for individuals age 50+ remains $6,500.
  • The total contribution limit to defined contribution plans is increasing from $58,000 to $61,000.
  • The limit on contributions to an IRA remains $6,000.

Click here for the IRS’ full announcement.

Contact RPA’s Service Center or your RPA Financial Advisor with any questions.