Stay informed: IRS limits

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Review the IRS limits for 2022

The IRS has announced the 2022 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits for IRA contribution deductibility. Contribution limits for Health Savings Accounts (HSAs) have also been announced. Please review an overview of the limits below.

Contribution limits for 401(k) plans

2021 2022
Employee pre-tax and Roth contributions1 $19,500 $20,500
Maximum annual contributions2 $58,000 $61,000
Age 50+ catch-up contributions1 $6,500 $6,500


1. This limit includes such contributions to all 401(k), 403(b), SIMPLE and SARSEP plans at all employers during your taxable year. Contributions to 457(b) plans, if any, are disregarded. Age 50+ catch-up contributions apply if allowed by your plan and you will have attained at least age 50 during your taxable year. Depending on plan rules, age 50+ catch-up contributions may also be made on a pretax or Roth basis.

2. This limit includes all "annual additions," such as employee pretax and Roth deferrals, employee after-tax contributions, as well as any employer contributions (e.g., match, nonelective) and re-allocated forfeitures. Age 50+ catch-up contributions, whether made on a pretax or Roth basis, are not "annual additions," so do not count towards this limit. The maximum amount typically may not exceed the lesser of 100% of your compensation or this number. Your plan may otherwise limit this; please refer to your plan's materials for other applicable limits.

Contribution limits for 403(b) plans

2021 2022
Employee pre-tax and Roth contributions3 $19,500 $20,500
Employee "lifetime" ("15 year" or "special") catch-up contributions4 $3,000 $3,000
Maximum annual contributions5 $58,000 $61,000
Age 50+ catch-up contributions3 $6,500 $6,500


3. This limit includes such contributions to all 401(k), 403(b), SIMPLE, and SARSEP plans at all employers during your taxable year. Contributions to 457(b) plans, if any, are disregarded. Age 50+ catch-up contributions apply if allowed by your plan and you will have attained at least age 50 during your taxable year. Depending on plan rules, age 50+ catch-up contributions may also be made on a pretax or Roth basis.

4. 403(b) plans of "qualified organizations" may also allow what is known as a "lifetime," "15 year," or "special" catch-up, which must be exhausted before using the age 50+ catch-up. Both catch-up contribution types can be used in the same taxable year if eligibility requirements for both are met. The lifetime catch-up may be available at any age upon attaining 15 years of service with the 403(b) plan sponsor which is a qualified organization. A formula determines the maximum catch-up amount based on contributions in prior years. Total lifetime catch-up contributions in all years are limited to $15,000. Depending on plan rules, lifetime catch-up contributions may be made on a pretax or Roth basis.

5. This limit includes all "annual additions," such as employee pretax and Roth contributions, employee after-tax contributions, as well as any employer contributions (e.g., match, nonelective) and re-allocated forfeitures. Age 50+ catch-up contributions, whether made on a pretax or Roth basis, are not "annual additions," so do not count towards this limit. Contributions are generally limited to the lesser of 100% of your compensation or this number, but there are some church plan exceptions, and your plan may otherwise limit this; please refer to your plan's materials for other applicable limits.

Contribution limits for governmental 457(b) plans

2021 2022
Employee and employer contributions6 $19,500 $20,500
Double limit catch-up contributions (3 years before "normal retirement age")7 $19,500 $20,500
Age 50+ catch-up contributions8 $6,500 $6,500


If you are eligible for both the age 50+ catch-up and the double limit catch-up, you cannot take advantage of both limits, but you are entitled to the greater of the two.

6. The limit is the lesser of the dollar amount shown, or 100% of your includible compensation for the taxable year. This limit includes contributions to all 457(b) plans (governmental and nongovernmental) at all employers during your taxable year, including any employer contributions (and earnings thereon) that vest during the year. Contributions to non-457(b) plans (such as 401(k) and 403(b) plans) are disregarded. Depending on plan rules, employee contributions to a governmental 457(b) plan may be made on a pretax or Roth basis.

7. Eligibility occurs during the three taxable years ending before the employee attains "normal retirement age" as defined by the plan. Eligibility requires the availability of an "underutilized amount" based on plan contributions in preceding years. Depending on plan rules, double limit catch-up contributions to a governmental 457(b) plan may also be made on a pre-tax or Roth basis.

8. The limit includes age 50+ catch-up contributions to all governmental 457(b) retirement plans at all employers during your taxable year. Age 50+ catch-up contributions to 401(k) and 403(b) plans are disregarded for the 457(b) limit. Age 50+ catch-up contributions apply if allowed by your plan and you will have attained at least age 50 during your taxable year. Depending on plan rules, age 50+ catch-up contributions to a governmental 457(b) plan may also be made on a pretax or Roth basis.

Contribution limits for nongovernmental 457(b) plans

2021 2022
Employee and employer contributions9 $19,500 $20,500
Double limit catch-up contributions (3 years before "normal retirement age")10 $19,500 $20,500


9. The limit is the lesser of the dollar amount shown, or 100% of your includible compensation for the taxable year. This limit includes contributions to all 457(b) plans (governmental and nongovernmental) at all employers during your taxable year, including any employer contributions (and earnings thereon) that vest during the year. Contributions to non-457(b) plans (such as 401(k) and 403(b) plans) are disregarded. Roth contributions cannot be made to a nongovernmental 457(b) plan.

10. Eligibility occurs during the three taxable years ending before the employee attains "normal retirement age" as defined by the plan. Eligibility requires the availability of an "underutilized amount" based on plan contributions in preceding years. Roth contributions cannot be made to a nongovernmental 457(b) plan.

Roth IRA and Traditional IRA maximum annual contribution limits

2021 2022
Contribution limit11 $6,000 $6,000
Age 50+ catch-up contributions12 Additional $1,000 Additional $1,000


Traditional IRA modified adjusted gross income limit for partial deductibility if you are covered by a retirement plan at work

2021 2022
Single More than $66,000 but less than $76,000 More than $68,000 but less than $78,000
Married - Filing joint returns More than $105,000 but less than $125,000 More than $109,000 but less than $129,000
Married - Filing separately13 Less than $10,000 Less than $10,000


Roth IRA modified adjusted gross income phase-out ranges 14

2021 2022
Single At least $125,000 but less than $140,000 At least $129,000 but less than $144,000
Married - Filing joint returns At least $198,000 but less than $208,000 At least $204,000 but less than $214,000
Married - Filing separately13 Less than $10,000 Less than $10,000


11. The limit is generally the lesser of the dollar amount shown, or your taxable compensation for the year. For more information about IRA contributions, please see IRS Publication 590-A or consult your tax advisor.

12. If you will have attained at least age 50 during the tax year, you can contribute an additional amount to your IRA each year.

13. Married (filing separately) can use the limits for single individuals if they have not lived with their spouse at any time during the year.

14. As of 2010, there is no income limit for taxpayers who wish to convert a traditional IRA to a Roth IRA.

Health Savings Account (HSA) maximum annual contribution limits

2021 2022 2023
Self-only coverage $3,600 $3,650 $3,850
Family coverage $7,200 $7,300 $7,750
Catch-up contribution15 Additional $1,000 Additional $1,000 Additional $1,000

15. If you will have attained at least age 55 during the tax year, you can contribute an additional amount to your HSA each year.

Make the most of your savings

If you are not saving to the max in your workplace savings plan today, consider increasing your contributions to help reach your retirement savings goals.16

If your plan allows, visit the contribution page on NetBenefits.com to review your current contribution rate and update it if necessary.

16. For more information about contribution limits, refer to the educational resources on NetBenefits, your plan's materials, or the IRS website at http://www.irs.gov. Please note that your plan may impose administrative limits that effectively reduce the limits described for certain employees.

Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Consult an attorney, tax professional, or other advisor regarding your specific legal or tax situation.

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