Solo 401 K Contribution Limits 2024

Solo 401 K Contribution Limits 2024. Solo 401 (k)s allow higher contributions for employees age 50 and older. In 2024, individuals with a solo 401 (k) can contribute a maximum amount on the employee end and the employer side of the equation.

Employees could contribute up to $22,500 to their 401(k) retirement savings plans for tax year 2023. Those 50 and older can contribute an additional $7,500.