What Is The 401k Contribution Limit For 2024 Over 50

What Is The 401k Contribution Limit For 2024 Over 50. Irs rules for solo 401k contributions can seem complex. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.

The limit on combined employee and employer contributions is $69,000, up from $66,000 in 2023. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.