Solo 401k Contribution Limits 2024 Over 50

Solo 401k Contribution Limits 2024 Over 50. In 2023, employees may contribute up to $15,500 to a simple ira. The total solo 401 (k) contribution limit (employee + employer contribution) is up to $66,000 in 2023.

For 2024, the total contributions you make to all of your roth iras and traditional iras cannot exceed the following amounts: This is up from $66,000 and $73,500 in 2023.