2022 401(k) and IRA Contribution Limits

The maximum contribution limits to tax-deferred savings accounts have been set for 2022. You can put more into employer-sponsored plans, but not individual accounts.

IRA contribution limits, whether Traditional or Roth, will remain the same as it has been since 2019. You can contribute $6,000 and if you are age 50 or higher, you can make a $1,000 catch-up contribution.

If you’re a worker with access to a 401(k), 403(b), 457, or federal government Thrift Savings Plan (TSP), the maximum contribution goes up by $1,000 next year. You’ll be able to contribute $20,500. The catch-up contribution amount remains the same at $6,500 for a total of $27,000.

There’s also an increased contribution for the SIMPLE IRA, which is a retirement plan designed for small businesses with 100 employees or less. In 2022 you’ll be able to contribute $14,000, up from $13,500 last year. The catch-up contribution for workers 50 years old or older stays the same at $3,000.

Even though there’s no increase in how much you can save in IRAs there is still good news. The amount you can earn and still qualify for deductible contributions has gone up. For 2022, deductible IRA contributions phase out between:

  • $68,000-$78,000 for single individuals with an employer-sponsored retirement plan.
  • $109,000-$129,000 for married couples filing jointly if the spouse making the IRA contribution is covered by a workplace retirement plan.
  • $204,000-$214,000 for married couples if the spouse contributing to an IRA is not covered by a workplace retirement plan and the other spouse is covered
  • $0-$10,000 for a married person filing a separate return who is covered by a workplace retirement plan.


There are also income restrictions on who can make Roth IRA contributions. For 2022, your modified adjusted gross income (MAGI) must be

  • Less than $129,000 for singles
  • Less than $204,000 for those married filing jointly


Above that, contribution amounts phase out. You are not allowed to make a Roth contribution once income reaches $144,000 for singles and $214,000 for married couples filing jointly.

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