Solo Roth 401k Contribution Limits 2024

Solo Roth 401k Contribution Limits 2024. Contribution limited to $7,000 plus an additional $1,000 for employees age 50 or older in 2024; With annual contribution limits as high as $23,000 for people under age 50 or $30,500 for those age 50 and up, you might even be able to become a millionaire by.

For 2024, the solo 401(k) maximum contribution limit for the elective deferral is $23,000 if you’re age 50 and under. In 2024, the contribution limit for a roth ira is $7,000, plus an additional contribution of $1,000 if you are age 50 or older.