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Basic Deferral Limit for 403(b) and 457(b) Plans:
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$ 20,500
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Age 50 Catch up Limit for 403(b) and 457(b) Plans:
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$ 6,500
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Social Security Wage Base:
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$ 147,000
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The Social Security Administration has announced the 2022 social security wage base will be $147,000. As in prior years, there is no limit to the wages subject to the Medicare tax; therefore all covered wages are still subject to the 1.45% tax. As in 2021, wages paid in excess of $200,000 in 2022 will be subject to an extra 0.9% Medicare tax that will be withheld.
The maximum social security tax an employee will pay in 2022 is $9,114.00.