Mega Backdoor Roth 2024 Rules

Mega Backdoor Roth 2024 Rules. Before we get into what a mega backdoor roth conversion is, let’s first cover what a backdoor roth ira is. The max 401 (k) limit is $69,000 for 2024, which includes deferrals, employer matches, profit sharing and other deposits.

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). In short, the backdoor roth ira gives high income earners, specifically those who are above the roth ira income limits, an indirect opportunity to contribute to a roth ira.