Individual 401k Limits 2024. You can contribute to both a 401 (k) and an ira, as long as you keep your contributions to certain limits. Reflective of 2024 annual limits.

For 2024, you can contribute up to $23,000. The 401(k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.