Jane Roanna

Solo 401k Contribution Limits 2024 Over 50. In 2023, the irs increased the employee deferral $2,000 after an increase of $1,000 the previous year. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

You can make solo 401 (k) contributions as both the employer and. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.