The IRS announced two major changes to retirement plans in 2022. First, the 2022 contribution limit for 401(k), 403(b) and 457 retirement accounts will increase to $20,500.  That's up from the $19,500 limit in 2021 and 2020. Second, the IRS boosted tax deduction thresholds for traditional IRAs and Roth IRA contributions, so what your income qualifies you for may have changed. 
Review the tables below to understand the retirement plan limits and IRS cost of living adjustments.
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