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Solo 401 K Contribution Limits 2024 Employer Match

Solo 401 K Contribution Limits 2024 Employer Match. The 2023 limit was $22,500. In 2024, individuals with a solo 401 (k) can contribute a maximum amount on the employee end and the employer side of the equation.


Solo 401 K Contribution Limits 2024 Employer Match

Workers age 50 or older can kick in additional amounts. The total contribution limit for a solo 401(k) as both employer and employee is $66,000 for 2023, and $69,000 for 2024, or 25% of your adjusted gross income, whichever is lower.

It Was $61,000 In 2022.

No 401(k) contribution maximum 401(k) contribution;

What Are The New Solo 401K Contribution Limits For 2024?

And the total annual contribution amount (employee plus employer.

This Matching Amount Would Be Repeated Each Year, But Is Subject To Change.

Images References :

Daniel Ackerman May 22, 2024.

The 2024 contribution limits are as follows:

Find Out How Much You Can Contribute To Your Solo 401K With Our Free Contribution Calculator.

Matching student loan payments with 401 (k) contributions.

For 2023, The Limits Were $66,000, Or $73,500 If You're 50 Or Older.