Individual 401k Contribution Limits 2024

Individual 401k Contribution Limits 2024. On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401(k) plans in. In 2025, the maximum individual contribution limit for a 401(k) plan will increase to $23,500, up from $23,000 in 2024.

For 2023, the solo 401 (k) contribution limits are $66,000 or $73,500 if you are at least age 50. The first allowable annual contribution was $1,500;