Solo 401k Contribution Limits 2024 Irs. The irs released 401(k) and ira contribution limits for 2024. The contribution limits are adjusted for inflation every year by the irs.

In general, it offers more investment options than a 401 (k), but contribution limits are much lower. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you’re age 50 or older.