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.
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