Solo 401 K Contribution Limits 2024

Solo 401 K Contribution Limits 2024. The total solo 401 (k) contribution limit (employee + employer contribution) is up to $66,000 in 2023. New solo 401 (k) employee contributions limit for 2024.

The irs announced that for 2024, the employee deferral limit for all 401 (k)s,. To understand how a solo 401 (k) works, think of contributing both as an employee of your company and as the employer.