Mega Backdoor Roth Contribution Limit 2024 Income. The maximum ira contribution limit for 2024 is $7,000 for most account holders and $8,000 for those aged. The maximum roth ira contribution for 2024 is $7.000 (up from $6,500 in 2023) plus $1,000 for employees ages 50 and above—far less than the $69,000 and $76,500 if age 50 or older (up from.
What is the mega backdoor roth limit in 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).