Solo K Max Contribution 2024 Limit
Solo K Max Contribution 2024 Limit . Please note that this calculator is only intended for sole proprietors (or llcs taxed as such). The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.
Those 50 and older can contribute an additional $7,500. This limit includes all elective employee salary deferrals and any contributions.
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2023 & 2024 SelfDirected Solo 401k Annual Contribution Limits and , The limits are the same as for the solo 401(k):
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