2022 Contribution Levels
- 401(k) maximum contribution – $20,500
- 401(k) additional contribution (age 50 or over) – $6,500
- IRA maximum contribution – $6,000
- IRA additional contribution (age 50 or over) – $1,000
- SIMPLE maximum contribution – $14,000
- SIMPLE additional contribution (age 50 or over) – $3,000
- SEP/Solo 401(k) maximum contribution – $61,000
The Empire Financial Partners of New York Checklist
Click below to download the pdf.