Contribution Limit 401k 2024 Self Employed. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. This limit is $345,000 in 2024, $330,000 in 2023, $305,000 in 2022, $290,000 in 2021, $285,000 in 2020 and $280,000 in 2019 and is adjusted annually.


Contribution Limit 401k 2024 Self Employed

Solo 401k contribution limits are very high. Those 50 and older can contribute an additional $7,500.

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