Ira Contribution Limits 2024 Over 50. With a solo 401 (k), you can contribute up to $69,000 for 2024 (up from $66,000 in 2023) or 25% of your adjusted gross. Review a table to determine if your modified adjusted gross income (agi) affects the amount of your deduction from your ira.

The contribution limit on a simple ira, another workplace plan, also increased to. $7,500 (for 2023) and $8,000.