Mega Backdoor Roth Contribution Limit 2024 Over 65 . 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. For 2024, the total contribution limit to a 401 (k) plan is $69,000 (or $76,500 for those over age 50).
While these limits are generous, they may not be enough for those on. The resulting maximum mega backdoor roth ira contribution for 2024 is $46,000, up from $43,500 in 2023 if your employer makes no 401(k) contributions on your behalf.
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Backdoor Roth Limit 2024 Date Opal Tracee , The mega backdoor roth allows individuals to roll over substantial amounts—up to $43,500 in 2023—from a traditional 401(k) to a roth ira or roth 401(k).