Mega Backdoor Roth Limit 2024 Over 50

Mega Backdoor Roth Limit 2024 Over 50. 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. There's a maximum combined contribution limit for roth and traditional iras of $7,000 in 2024 ($8,000 if age 50 or older).

In 2024, the backdoor roth ira contribution limit is $7,000, or $8,000 for those over age 50. If your employer matched any of your yearly contributions, your mega backdoor roth amount will be that much.