IRS 2022 Retirement Plan Contributions
IRS 2021 Retirement Plan Contributions
Maximum workplace retirement plan contribution amounts | 2022 | 2021 |
401(k), 403(b), most 457 plans and federal Thrift Savings Plan | $20,500 | $19,500 |
Catch-up contributions in these plans for people 50 and older | $6,500 | $6,500 |
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IRA contribution limits | 2022 | 2021 |
Traditional and Roth IRAs for people younger than 50 | $6,000 | $6,000 |
Catch-up IRA contributions for people 50 and older | $1,000 | $1,000 |
Defined benefit pension plan annual benefit limits | $245,000 | $235,000 |
Annual employer limit for 401(k)-type plans, SEP IRAs and solo 401(k)s | $61,000 | $58,000 |
Annual contribution limit for SIMPLE plans | $14,000 | $13,500 |
Catch-up contribution limit for people age 50 and up | $3,000 | $3,000 |
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Adjusted gross income phaseout range of IRA deductibility | 2022 | 2021 |
Single and contributing to a workplace plan | $68,000 | $66,000 |
Married filing jointly when the spouse making the contribution has a workplace plan | $109,000 | $105,000 |
Married and covered by a workplace place plan but filing separately | $0 to $10,000 | $0 to $10,000 |
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Roth IRA income eligibility phaseout | 2022 | 2021 |
Single and head of household filers | $129,000 | $125,000 |
Married filing jointly or qualified widow/widowers | $204,000,000 | $198,000 |