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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: