Ira Contribution Limits 2024 With 401k Limit. 401(k) contribution limit for 2024. You can contribute a maximum of $7,000 (up from $6,500 for 2023).
Yes, under certain circumstances you can have both a 401k and a roth ira. You may be able to claim a deduction on your individual federal income tax return for the amount you contributed to your ira.