Max Ira Contribution 2024 . $6,500 (for 2023) and $7,000 (for 2024) if you're under age 50. The 2024 maximum ira contribution limit will be $7,000 an increase of $500 over the 2023 maximum ira contribution limit (which was also an increase of $500 over the prior year).
To understand how a solo 401 (k) works, think of contributing both as an employee of your company and as the employer. A roth ira allows you to contribute $6,500 for 2023 and $7,000 for 2024.
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