2024 Ira Contribution Limits 401k Fidelity. You can contribute to both a 401(k) and an ira, as long as you keep your contributions to certain limits. The simple ira contribution limit for 2024 is $16,000.

If you have a traditional ira, a roth ira―or both―the maximum combined amount you may contribute annually across all your iras is the same:. 401k elective deferral limit increases to $23,000.