Solo 401k Contribution Limits 2024 Over 55

Solo 401k Contribution Limits 2024 Over 55. Those 50 and older can contribute an additional $7,500. If you're age 50 or.


Solo 401k Contribution Limits 2024 Over 55

In 2024, the irs raised the limit for annual ira contributions to $23,000 for people under 50 and $30,500 for those 50 and older, a $500 increase from 2023. For 2024, the employee contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023.

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