Solo 401k Contribution Limits 2024 Irs. The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. Use the solo 401 (k) contribution comparison to estimate the potential contribution that can be made to a solo 401 (k) plan, compared to profit sharing, simple, or sep plan.
However, your contribution cannot exceed 25% of your net adjusted income. The irs allows a maximum contribution per taxpayer of $66,000 for 2023 and $69,000 for 2024 to a company 401k plan.
Solo 401k Contribution Limits 2024 Irs Images References :