Contribution Limits for 2022

If you didn’t know, contributions for all of the retirement plans ( 401(k), 403(b), FSA, HSA, IRA, Roth IRA, SEP IRA, Simple IRA) are all indexed to inflation. If you’re a giant nerd, know the inflation numbers, and how the IRS calculates the numbers, you can calculate the increases yourself before they’re announced. Since these increases are just keeping up with inflation, it’s just a cost of living increase in terms of contribution. We can all only hope our paychecks go up a similar amount, amirite?

I’ve bolded the change (if any) in 2022

Type2021 Limit2022 Limit
401(k)/403(b) Employee Contribution$19,500$20,500
401(k)/403(b) Catch-Up Contribution (Only for ages 50+)$6,500$6,500
401(k)/403(b) Total Contribution (includes $ from Employer)$58,000$61,000
401(k)/403(b) Total Contribution Ages 50+ (includes $ from Employer) $64,500$67,500
FSA Contribution$2,750$2,850
HSA Contribution (single)$3,600$3,650
HSA Contribution (family)$7,200$7,300
Traditional IRA Contribution$6,000$6,000
Traditional IRA Catch-Up (Only for ages 50+)$1,000$1,000
Roth IRA Contribution$6,000$6,000
Roth IRA Catch-Up (Only for ages 50+)$1,000$1,000
SEP-IRA Contribution$58,000$61,000
Simple IRA/Simple 401(k) Contribution$13,500$14,000
2021 and 2022 Contribution Limits

Notable Changes

For people using 401(k), the change is $1,000. The catch-up (how much extra people 50+ are allowed to contribution) remains the same.

For those who are unaware, there is a limit that the employer and the employee can both contribute a year, and this has increased by $3,000.

The IRA contribution limit will not increase in 2022, regardless of if it’s Roth or Traditional.

HSA will only increase by $50. Family is always double that of single. Similarly, FSA will go up by $100.

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