December 7, 2021
IRS Announces Retirement Plan and Other Benefit Limitations for 2022
The IRS recently announced contribution and benefit limits for qualified retirement plans effective January 1, 2022. Thanks to a higher-than-normal annual inflation rate of 5.4%, the IRS is allowing taxpayers to contribute up to $20,500 to a 401(k) or similar workplace retirement plan.This is a $1,000 boost from the $19,500 contribution limit for this year. […]
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