Mega Backdoor Roth 2024 Contribution Limits

Mega Backdoor Roth 2024 Contribution Limits. In 2021 and 2022, you could contribute up to $6,000 ($7,000 if. Mega backdoor roth conversions are a lucrative tax strategy that allow for additional roth savings within your 401(k) with no upper limit on income eligibility.

In 2024, a participant can contribute up to $23,000, which is up from $22,500 in 2023 ($30,500 and $30,000 for people 50 and over in 2024 and 2023, respectively) in pretax compensation and as. If your employer matched any of your yearly contributions, your mega backdoor roth amount will be that much.