401k Limits 2024. You can contribute to both a 401 (k) and an ira, as long as you keep your contributions to certain limits. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).
This amount is up modestly from 2023, when the individual. Contributions to 401 (k)s can be automatically deducted from your.