2022 Employee Contribution and Benefit Limits
The Internal Revenue Service (IRS) recently announced the cost-of-living changes to contribution and benefit limits for a variety of employer sponsored plans in 2022. Most dollar amount limits for 2021 remain the same for 2022, with a handful of amounts seeing slight increases.
The table below shows the contribution and benefit limits for certain plans in 2021 and 2022.
| HEALTH AND WELFARE PLAN LIMITS
FSA |
2021 | 2022 | |
| Health FSA salary reduction | $2,750 | ↑ | $2,850 |
| Health FSA carryover | $550 | ↑ | $570 |
| Dependent Care FSA – married filing jointly or single parent | $5,000 | ═ | $5,000 |
| Dependent Care FSA – married filing separately | $2,500 | ═ | $2,500 |
| HRA | 2021 | 2022 | |
| Excepted Benefit HRA | $1,800 | ═ | $1,800 |
| Qualified Small Employer HRA (QSEHRA) – self only | $5,300 | ↑ | $5,450 |
| Qualified Small Employer HRA (QSEHRA) – family | $10,700 | ↑ | $11,050 |
| HDHP | 2021 | 2022 | |
| HDHP: max. annual out-of-pocket (self only) | $7,000 | ↑ | $7,050 |
| HDHP: max. annual out-of-pocket (family) | $14,000 | ↑ | $14,100 |
| HDHP: min. annual deductible (self only) | $1,400 | ═ | $1,400 |
| HDHP: min. annual deductible (family) | $2,800 | ═ | $2,800 |
| HSA | 2021 | 2022 | |
| HSA: annual contributions (self only) | $3,600 | ↑ | $3,650 |
| HSA: annual contributions (family) | $7,200 | ↑ | $7,300 |
| HSA: catch-up contributions (age 55+) | $1,000 | ═ | $1,000 |
| Commuter | 2021 | 2022 | |
| Qualified Transit and Parking – monthly | $270 | ↑ | $280 |
Also listed below are the Retirement Plan Limits for 2021 and 2022.
| RETIREMENT PLAN LIMITS | 2021 | 2022 | |
| 401(k), 403(b) & 457(b) contributions | $19,500 | ↑ | $20,500 |
| Catch-up contributions (age 50+) | $6,500 | ═ | $6,500 |
| Defined contribution plan (annual contributions) | $58,000 | ↑ | $61,000 |
Complete details on these and other cost-of-living adjustments can be viewed in IRS Revenue Procedure 2021-45 and IRS Notice 2021-61.
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