Solo 401k 2024 Contribution Limit Irs. The annual contribution limit for an ira in 2024 is $7,000 for those under 50, or $8,000 if you’re 50 or older. The total contribution limit for a solo 401 (k) as both employer and employee is $66,000 for 2023, and $69,000 for 2024, or 25% of your adjusted gross income, whichever is lower.


Solo 401k 2024 Contribution Limit Irs

Solo 401 k contribution limits. For the year 2024, the irs has set the deferral limit for employees participating in a simple 401 (k) plan at $16,000.

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