Mega Backdoor Roth Contribution Limit 2024 India. The mega backdoor roth limit for 2024 is expected to be $58,000 for individuals under the age of 50 and $64,500 for those 50 and older. 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. All 401 (k) and 403 (b) plans allow employees to make pretax elective deferrals up to annual limits ($22,500 for 2023, or $30,000 for those age 50 and older),.
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