The Internal Revenue Service (IRS) announced today that the amount individuals can contribute to their 401(k) plans in 2022 has increased to $20,500, up from $19,500 for 2021 and 2020.
Please click below for additional information regarding this update. You can also learn more about our 401k audit services.
[button link=”https://www.irs.gov/newsroom/irs-announces-401k-limit-increases-to-20500″ type=”big” newwindow=”yes”] IRS announces 401(k) limit increases[/button]