Mega Backdoor Roth Limit 2024. A mega backdoor roth refers to a strategy that can potentially allow some people who would be ineligible to contribute to a roth account, based on their income or contribution limits, to transfer certain types of 401(k) contributions into a roth—including a roth ira and/or roth 401(k). 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.
A mega backdoor roth lets you roll over up to $43,500 from a traditional 401(k) to a roth ira or a roth 401(k) in 2023, all without paying any taxes. 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.