Retirement Account Contribution Limits 2024 Single. Beginning in 2024, the ira contribution limit is increased to $7,000 ($8,000 for individuals age 50 or older) from $6,500 ($7,500 for individuals age 50 or. $7,000 ($8,000 if you're age 50 or older), or if less, your.

For 2023, the solo 401(k) contribution limits are $66,000 or $73,500 if you are at least age 50. The contribution limit for individual retirement accounts (iras) for the 2024 tax year is $7,000.