Solo 401k Contribution Limits 2024 Over 50

Solo 401k Contribution Limits 2024 Over 50. Irs rules for solo 401k contributions can seem complex. Your employee contribution limit is the same as the 401(k) contribution limit for any traditionally employed worker, which is $23,000, or $30,500 if you're 50 or older.

The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. This is an increase of $500 from 2023.