401k Limit 2024 Single
401k Limit 2024 Single. Participants who are 50+ can save an additional. Solo 401k contribution limits are very high.
Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000.