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Do you know what's changing for retirement plans in 2022? The IRS has announced the 2022 plan limits, and these changes will take effect in the upcoming tax year on retirement-related items. Employees in 401(k) plans will be able to contribute up to $20,500 next year. The limit increased by $1,000 from 2021.
Why are these numbers important to you? There are limits to how much you can contribute to your retirement account, and they can change from year to year, so it's important to stay up-to-date. Check out our infographic that details all the changes you'll want to be aware of for the coming year.
Click below to download our 2022 Employee Plan Limits Infographic:
