Solo 401k Contribution Limits 2024 Calculator

Solo 401k Contribution Limits 2024 Calculator. A controlled group solo 401(k) may allow higher total contributions if multiple businesses contribute to the plan, potentially increasing overall. For 2023, the solo 401(k) contribution limits are $66,000 or $73,500 if you are at least age 50.

For 2024, you can contribute up to $69,000, or $76,500 if you’re 50 or older. How are solo 401k contribution limits calculated?