You should know!
Important things you should know about your Payroll, Benefits and Retirement limits in 2022.
Do you know the percentage breakdown for Social Security and Medicare taxes? What are the limits for 2022?What is the limit that you can pay into your 401k plan and/or Simple 401k plan?What is the monthly amount for Commuter Benefits you can receive?What about HSA, FSA, and Dependent Care (Client Sponsored Plan) limits for Individuals and/or Families?What is the Mileage rate for reimbursement?
In the attached document you will find the 2022 Payroll Summary sheet every employee should be familiar with as you set-up, update or change your payroll benefits in 2022.
Use this information sheet as a quick reference for any questions you may have in securing your finances.
Contributor: Francine Candies-Spencer is a Payroll Specialist with over 20 yrs. experience.