Solo 401k Contribution Limits 2024

Solo 401k Contribution Limits 2024. The 401(k) contribution limit for 2025 is $23,500, up from $23,000 in 2024. For people who are 50 and older, the total contribution limit in 2024 is $76,500.

However, individual retirement account (ira) contributions will continue to be $7,000 in 2025,. For 2024, the solo 401(k) maximum contribution limit for the elective deferral is $23,000 if you’re age 50 and under.