Category: IRS

  • 21 Dec
    IRS Announces 2022 Retirement Plan Contribution Limits

    IRS Announces 2022 Retirement Plan Contribution Limits

    Posted: December 21, 2021   

    On November 4, 2021, the Internal Revenue Service (IRS) released Notice 2021-61 announcing cost-of-living adjustments affecting dollar limits for pension plans and other retirement-related items for tax year 2022. Many pension plan limits will change next year because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. Other items, however, will not […]

  • 15 Dec
    IRS Announces 2022 Limits for Health FSAs and Transit Benefits

    IRS Announces 2022 Limits for Health FSAs and Transit Benefits

    Posted: December 15, 2021   

    The Internal Revenue Service (IRS) announced annual inflation adjustments for more than 50 tax provisions, including an increase in voluntary employee contributions to employer-sponsored healthcare flexible spending arrangements (HFSAs) to $2,850 for plan years beginning in 2022, up from the 2021 limit of $2,750. For HFSAs that include a carryover provision, up to $570 may […]


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