Solo 401k Employer Contribution Limits 2024 . If you are 50 years old or older, the maximum. However, you contribute the maximum amount — $23,000 in 2024 — to your 401 (k).
If you have a traditional 401 (k), your contributions will reduce your taxable income for the year. For 2024, the annual additions limit for employee and employer combined contributions for 401(k) plans is $69,000.
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