2022 Retirement Plan Maximums and Limits/Saver's Credit


View 2021 Limits

The Internal Revenue Service (IRS) has announced the dollar maximums and limits for qualified pension plans for 2022. These reflect the applicable cost-of-living adjustments required by the federal tax law and provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) that are effective for the 2022 tax year only.

Sections 1–3 highlight contribution maximums and limits established by the IRS for various retirement plans. All dollar amounts are effective January 1, 2022; changes, if any, from 2021 are noted. Section 4 highlights annual compensation amounts for highly compensated employees and key employees in a top-heavy plan. Section 5 highlights the Saver's Credit tax credit for 2022.

expand/collapse  1. Retirement Plan Dollar Maximums for 2022

expand/collapse  2. Retirement Plan Compensation Limits for 2022

expand/collapse  3. Retirement Plan Dollar Limits for 2022

expand/collapse  4. Retirement Plan Annual Compensation Amounts for 2022

expand/collapse  5. Saver's Credit for 2022

The tax information contained herein is for informational purposes only. You should consult your financial adviser or attorney regarding your individual circumstances.

Mutual of America's group and individual retirement products that are variable annuity contracts are suitable for long-term investing, particularly for retirement savings. The value of a variable annuity contract will fluctuate depending on the performance of the Separate Account investment options you choose. Upon redemption, you could receive more or less than the principal amount invested. A variable annuity contract provides no additional tax-deferred treatment of benefits beyond the treatment provided to any qualified retirement plan or IRA by applicable tax law. You should consider a variable annuity contract's other features before
making a decision.


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