401k Mega Backdoor Roth Limit 2024. The mega backdoor roth is a powerful option in a 401(k) plan. 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.
At the end of 2023, only about 11% of 401 (k) plans permitted mega backdoor roth conversions, according to data from fidelity investments. For 2024, the irs caps employee pretax 401 (k) contributions at $23,000 and contributions from all sources (pretax, after tax, and employer) at $69,000.
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