Annual Employee Limits for 2022

Basic Deferral Limit for 403(b) and 457(b) Plans:          

$  20,500

Age 50 Catch up Limit for 403(b) and 457(b) Plans:            

$    6,500

Social Security Wage Base:                                         

$ 147,000

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.


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Article ID: 139876
Tue 11/30/21 1:47 PM
Tue 11/30/21 1:47 PM