IRS Releases 2022 Benefit Plan Limits and Thresholds

The Inside Income Service lately introduced cost-of-living changes that have an effect on limitations on certified retirement plans and well being plans. The will increase take impact on January 1, 2022.

Worker contribution limits (elective deferrals) for 401(okay), 403(b), and most 457 plans will improve, however the catch-up contribution limits for workers age 50 and over stay unchanged. The annual profit restrict for outlined profit plans and the contribution restrict for outlined contribution plans will improve barely. 

The IRS elevated the 2022 contribution limits for Well being Financial savings Accounts (HSAs) and most out-of-pocket quantities for Excessive Deductible Well being Plans (HDHPs) in Could of 2021, though minimal deductibles for HDHPs and limits on contributions to well being Versatile Spending Accounts (FSAs) remained unchanged. The FSA carryover restrict continues to be 20% of the annual contribution restrict.

A abstract of the bounds and thresholds is offered within the desk under.

Retirement Plan Limits



401(okay), 403(b), 457 Elective Deferral Restrict



Catch-Up Contribution Restrict (age 50-plus)



Outlined Benefit Plan Annual Benefit Restrict



Outlined Contribution Plan Annual Contribution Restrict



Annual Compensation Restrict



Extremely Compensated Worker Threshold



Key Worker Threshold



IRA Contribution Restrict



IRA Catch-Up Contribution Restrict (age 50-plus)




Well being Plan Limits



Well being FSA Contribution Restrict



Well being FSA Carryover Restrict



HSA Contribution Restrict (Particular person)



HSA Contribution Restrict (Household)



HSA Catch-Up Contribution Restrict (age 55-plus)



HDHP Minimal Deductible (Particular person)



HDHP Minimal Deductible (Household)



HDHP Most Out-of-Pocket Quantity (Particular person)



HDHP Most Out-of-Pocket Quantity (Household)




Do not forget that authorized ideas might change and fluctuate broadly of their utility to particular factual circumstances. It’s best to seek the advice of with counsel about your particular person plan, any plan amendments, and participant notices.

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