Mega Backdoor Roth Contribution Limit 2024 India
Mega Backdoor Roth Contribution Limit 2024 India. What is the contribution limit for a mega backdoor roth? 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.
If you use the mega backdoor roth strategy, how much you can save is limited by the annual caps on 401(k) contributions. This includes the regular 401(k).