These adjustments are calculated and released by the Internal Revenue Service (IRS) each year. Released on November 4, the IRS provided tax inflation adjustments for 2022 in Notice 2021-61.

There are several changes in many of the 2022 plan limits so be sure to view a detailed listing below:
 

PLAN LIMITS	2022	2021	2020
401(k)/403(b) Deferrals	$20,500*	$19,500	$19,500
401(k)/403(b) Catch Up	$6,500	$6,500	$6,500
SIMPLE Deferrals	$14,000*	$13,500	$13,500
SIMPLE Plan Catch Up	$3,000	$3,000	$3,000
457 Deferrals	$20,500*	$19,500	$19,500
IRA	$6,000	$6,000	$6,000
IRA Catch Up	$1,000	$1,000	$1,000
Defined Contribution	$61,000*	$58,000	$57,000
Defined Benefit	$245,000*	$230,000	$230,000
Includible Compensation	$305,000*	$290,000	$285,000
Tax Credit ESOP Maximum Balance	$1,230,000*	$1,165,000	$1,150,000
Social Security Taxable Wage Base	$147,000*	$142,800	$137,700
SEP Min. Participation Threshold	$650*	$600	$600
SEP Maximum Participation Threshold	$290,000	$290,000	$285,000
Key Employee	$200,000*	$185,000	$185,000
Highly Compensated Employee	$135,000*	$130,000	$130,000
Maximum Monthly Social Security	$3,148	$3,148	$3,011
HSA Individual Contribution	$3,650*	$3,600	$3,550
HSA Family Contribution	$7,300*	$7,200	$7,100
HSA Catch Up Contribution (ages 55+)	$1,000	$1,000	$1,000
HDHP Minimum Individual Deductible	$1,400	$1,400	$1,400
HDHP Minimum Family Deductible	$2,800	$2,800	$2,800
HDHP Out-of-Pocket Maximum - Self	$7,050*	$7,000	$6,900
HDHP Out-of-Pocket Maximum - Family	$14,100*	$14,000	$13,800
Monthly Transit/Van Pooling	$280*	$270	$270
Monthly Qualified Parking	$280*	$270	$270
FSA Medical Maximum Deferral	$2,850*	$2,750	$2,750
Medical FSA Carryover	$570*	$550	$550
FSA Dependent Care Max. Deferral	$5,000*	$10,500	$5,000
* Indicates a change from 2021 to 2022.

Download the complete list of 2022 limitations for benefit plans (PDF).