Public Announcements 2022

2022 IRS LIMIT ANNOUNCEMENTS:

SOCIAL SECURITY LIMIT: $147,000
401K MAXIMUM: $20,500 - Total Comp = $305,000
401K CATCH-UP: $6,500 for a total of $27,000

Until July 1, 2022
BUSINESS MILEAGE: 58.5 cents
MOVING/MEDICAL: 18 cents
CHARITABLE: 14 cents

Effective July 1, 2022
BUSINESS MILEAGE: 62.5 cents
MOVING/MEDICAL: 22 cents
CHARITABLE: 14 cents

HEALTH SAVINGS ACCOUNT: $3,650 FOR INDIVIDUAL AND $7,300 FOR FAMILY
HEALTH SAVINGS ACCOUNT CATCH-UP: $1,000
HEALTH CARE FLEXIBLE SPENDING ACCOUNT LIMIT: $2,850
DEPENDENT CARE FLEXIBLE SPENDING ACCOUNT LIMIT: $5,000 FOR MARRIED JOINT RETURNS AND $2,500 FOR MARRIED FILING SEPARATE RETURNS

TRANSIT PASSES: $280 PER MONTH
TRANSIT PARKING: $280 PER MONTH

ADOPTION ASSISTANCE: $14,890

TUITION ASSISTANCE: $5,250