401k And Roth Ira Contribution Limits 2024 Fidelity. 401k elective deferral limit increases to. The ability to contribute to a roth ira is phased out at higher incomes;

If you have a roth 401(k) plan and a roth ira, your total annual contribution across all accounts in 2023 cannot exceed $30,000 in 2024, or $38,500 if you are 50 or older. 401k elective deferral limit increases to.