2024 Solo 401k Contribution Limits 2024 , 2024 Solo 401k Contribution Limits 2024. The contribution limit will increase from $22,500 in 2023 to $23,000. For 2024, the max is $69,000 and $76,500 if you are 50 years old or older. A solo 401 (k) plan, a sep ira, a simple ira, or a profit sharing plan. As a result, those aged 50 or older can contribute, in employee contributions, a maximum of the lesser of $30,500 ($23,000 plus $7,500) or earned income. 2024 Solo 401k Contribution Limits 2024 Images References : 2024
2024 Solo 401k Contribution Limits 2024. The contribution limit will increase from $22,500 in 2023 to $23,000. For 2024, the max is $69,000 and $76,500 if you are 50 years old or older. A solo 401 (k) plan, a sep ira, a simple ira, or a profit sharing plan. As a result, those aged 50 or older can contribute, in employee contributions, a maximum of the lesser of $30,500 ($23,000 plus $7,500) or earned income.