IRS 401(k) Limits for 2022

IRS 401(k) Limits for 2022

New IRS 401(k) Limits for 2022*

• The elective deferral limit for 401(k), 403(b) and 457(b) plans increases to $20,500 in 2022 ($19,500 in 2021). 
• The limitation on catch up contributions for employees age 50 and over is $6,500 in 2022.

*Source: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits