401k Mega Backdoor Roth Limit 2024

 

401k Mega Backdoor Roth Limit 2024. This is the total irs limit minus the 401 (k) contribution limit. In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older.


401k Mega Backdoor Roth Limit 2024

In 2024, the total dollars allowable into a 401 (k) is $69,000 if you’re under 50 and $76,500 if you’re 50 or older. All 401 (k) and 403 (b) plans allow employees to make pretax elective deferrals up to annual limits ($22,500 for 2023, or $30,000 for those age 50 and older),.

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