Solo 401k Contribution Limits 2024 Over 50

Solo 401k Contribution Limits 2024 Over 50. For 2024, the solo 401(k) maximum contribution limit for the elective deferral is $23,000 if you’re age 50 and under. This is up from $66,000 and $73,500 in 2023.

The irs maximum contribution to a solo 401k is $66,000 for 2023 (or $73,500 for those over age 50) and $69,000 for 2024 (or $76,500 for those over age 50). 401k limits 2024 over 50 catch up images.