The  2022 IRA & 401k Contribution Limits

401k Contributions• 2022 limit is $20,500• Catch-up contribution if age 50 or older $6,500IRA Contributions• Roth: Contribution limit $6,000• Traditional: Contribution limit $6,000• Catch-up: Contribution if age 50 or older $1,000Traditional IRA DeductibilitySingle filers covered by employer planMAGI Range: $68,000 – $78,000Married couples filing jointly, contributor covered by employer planMAGI Range: $109,000 – $129,000Joint filer […]