See the below table to see the 2022 plan limits:
2022 | 2021 | 2020 | 2019 | |
RETIREMENT PLANS | ||||
Elective Deferrals 401(k), 403(b), etc | $20,500 | $19,500 | $19,500 | $19,000 |
With Catch-Up Contributions | $27,000 | $26,000 | $26,000 | $25,000 |
Defined Contribution Limits | $61,000 | $58,000 | $57,000 | $56,000 |
IRAs | ||||
IRA & Roth Contribution Limit | $6,000 | $6,000 | $6,000 | $6,000 |
With Catch-Up Contributions | $7,000 | $7,000 | $7,000 | $7,000 |
SEP | ||||
SEP Maximum Contribution | $61,000 | $58,000 | $57,000 | $56,000 |
SIMPLE Plans | ||||
SIMPLE Maximum Contributions | $14,000 | $13,500 | $13,500 | $13,000 |
With Catch-Up Contributions | $17,000 | $16,500 | $16,500 | $16,000 |