Max 401k And Ira Contribution 2024. The irs has limits on how much can be contributed to an ira. — the ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older.
— the irs this week announced it was raising the 401 (k) contribution limit to $23,000, up from $22,500 currently. Yes, under certain circumstances you can have both a 401k and a roth ira.