{"id":463,"date":"2016-09-16T00:35:48","date_gmt":"2016-09-16T00:35:48","guid":{"rendered":"https:\/\/www.5starpay.com\/5sw\/?page_id=463"},"modified":"2022-03-03T16:34:31","modified_gmt":"2022-03-03T16:34:31","slug":"banking-calendarupdates","status":"publish","type":"page","link":"https:\/\/www.5starpay.com\/5sw\/banking-calendarupdates\/","title":{"rendered":"Banking Calendar\/Updates"},"content":{"rendered":"\t\t
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Federal Banking Holidays For 2021\/2022<\/span><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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<\/h2>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Federal Holiday<\/th>2022<\/th>2021<\/th>\n<\/tr>\n<\/thead>\n
News Year’s Day<\/td>Sat, Jan 1<\/td>Fri. Jan 1<\/td>\n<\/tr>\n
Martin Luther King Day<\/td>Mon, Jan 17<\/td>Mon, Jan 18<\/td>\n<\/tr>\n
Presidents Day<\/td>Mon, Feb 21<\/td>Mon, Feb 15<\/td>\n<\/tr>\n
Memorial Day<\/td>Mon, May 30<\/td>Mon, May 31<\/td>\n<\/tr>\n
Independence Day
\n(Observed)<\/td>		Mon, July 4<\/td>Mon, July 5<\/td>\n<\/tr>\n
Labor Day<\/td>Mon, Sept 5<\/td>Mon, Sept 6<\/td>\n<\/tr>\n
Columbus Day<\/td>Mon, Oct 10<\/td>Mon, Oct 11<\/td>\n<\/tr>\n
Veterans Day<\/td>Fri, Nov 11<\/td>Thu, Nov 11<\/td>\n<\/tr>\n
Thanksgiving Day<\/td>Thurs, Nov 24<\/td>Thurs, Nov 25<\/td>\n<\/tr>\n
Christmas Day<\/td>Sun, Dec 25<\/td>Sat, Dec 25<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Health Savings Account Limits<\/span><\/strong><\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Type Of Limit<\/th><\/td>2019<\/th>2020<\/th>Increase<\/th>\n<\/tr>\n<\/thead>\n
HSA Contribution Limit<\/td>Self-Only
\nFamily<\/td>		$3,500
\n$7,000<\/td>		$3,500
\n$7,100<\/td>		$50<\/td>\n<\/tr>\n
HSA Catch-up Contributions<\/td>Age 55+<\/td>$1,000<\/td>$1,000<\/td>No Change<\/td>\n<\/tr>\n
HDHP Minimum Deductible<\/td>Self-Only
\nFamily<\/td>		$1,350
\n$2,700<\/td>		$1,400
\n$2,800<\/td>		$50
\n$100<\/td>\n<\/tr>\n
HDHP Maximum Out-of-Pocket<\/td>Self-Only
\nFamily<\/td>		$6,750
\n$13,500<\/td>		$6,900
\n$13,800<\/td>		$150
\n$300<\/td>\n<\/tr>\n
ACA Maximum Out-of-Pocket<\/td>Self-Only
\nFamily<\/td>		$7,900
\n$15,800<\/td>		$8,150
\n$16,300<\/td>		$250
\n$500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/center>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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401K – 2020 Contribution Limits for Retirement Plans<\/span><\/strong><\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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<\/td>2020<\/th>2019<\/th>2018<\/th>\n<\/tr>\n<\/thead>\n
Compensation<\/td>$285,000<\/td>$280,000<\/td>$275,000<\/td>\n<\/tr>\n
Taxable Wage Base<\/td>$137,000<\/td>$132,900<\/td>$128,400<\/td>\n<\/tr>\n
Highly Compensated Employee (HCE)<\/td>$130,000<\/td>$125,000<\/td>$120,000<\/td>\n<\/tr>\n
Key Employee\/Officer<\/td>$185,000<\/td>$180,000<\/td>$175,000<\/td>\n<\/tr>\n
<\/td>		<\/td><\/td><\/td>\n<\/tr>\n
Defined Compensation Limit<\/td>$57,000<\/td>$56,000<\/td>$55,000<\/td>\n<\/tr>\n
Maximum Contributions (401K\/403B\/457)<\/td>$19,500<\/td>$19,000<\/td>$18,500<\/td>\n<\/tr>\n
Maximum Catch-Up – Age 50+ (401K\/403B\/457)<\/td>$ 6,500<\/td>$6,000<\/td>$6,000<\/td>\n<\/tr>\n
<\/td>		<\/td><\/td><\/td>\n<\/tr>\n
Defined Benefit Limit<\/td>$230,000<\/td>$225,000<\/td>$220,000<\/td>\n<\/tr>\n
SIMPLE<\/td>$13,500<\/td>$13,000<\/td>$12,500<\/td>\n<\/tr>\n
SIMPLE Catch-Up – Age 50+<\/td>$3,000<\/td>$3,000<\/td>$3,000<\/td>\n<\/tr>\n
<\/td>		<\/td><\/td><\/td>\n<\/tr>\n
IRA Contribution Limit<\/td>$6,000<\/td>$6,000<\/td>$5,500<\/td>\n<\/tr>\n
IRA Catch-Up – Age 50+<\/td>$1,000<\/td>$1,000<\/td>$1,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/center>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Federal Banking Holidays For 2021\/2022 Health Savings Account Limits 401K – 2020 Contribution Limits for Retirement Plans<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"generate_page_header":"","footnotes":""},"class_list":["post-463","page","type-page","status-publish"],"yoast_head":"\nBanking Calendar\/Updates - 5 Star Payroll<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.5starpay.com\/5sw\/banking-calendarupdates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banking Calendar\/Updates - 5 Star Payroll\" \/>\n<meta property=\"og:description\" content=\"Federal Banking Holidays For 2021\/2022 Health Savings Account Limits 401K – 2020 Contribution Limits for Retirement Plans\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.5starpay.com\/5sw\/banking-calendarupdates\/\" \/>\n<meta property=\"og:site_name\" content=\"5 Star Payroll\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T16:34:31+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.5starpay.com\/5sw\/banking-calendarupdates\/\",\"url\":\"https:\/\/www.5starpay.com\/5sw\/banking-calendarupdates\/\",\"name\":\"Banking Calendar\/Updates - 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