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ANNUAL LIMITS

The tax law places limits on the dollar amount of contributions to retirement plans and IRAs and the amount of benefits under a pension plan. The Internal Revenue Code (IRC) requires the limits to be adjusted annually for cost-of-living increases. INTAC is pleased to present this table for your convenience.

Annual Compensation and Contribution Limits for Qualified Retirement Plans
  2022 2021 2020 2019

401(k) and 403(b) Deferral Limit

20,500 19,500 19,500 19,000

457 Deferral Limit

20,500 19,500 19,500 19,000

401(k), 403(b), 457 Catch-up Contribution Limit

6,500 6,500 6,500 6,000

SIMPLE Deferral Limit

14,000 13,500 13,500 13,000

SIMPLE Catch-up Contribution Limit

3,000 3,000 3,000 3,000

Annual Compensation Limit

305,000 290,000 285,000 280,000

Defined Benefit 415 Limit

245,000 230,000 230,000 225,000

Defined Contribution 415 Limit

61,000 58,000 57,000 56,000

Dollar Limit for HCEs

135,000 130,000 130,000 125,000

Dollar Limit for Key Employee

200,000 185,000 185,000 180,000

Social Security Taxable Wage Base

147,000 142,800 137,700 132,900

CLIENT TESTIMONIALS

  • Deborah – I really appreciate all of your input on the issues. It is really comforting to know that I (we) can come to you and Intac.

    Thank you very much. John
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