Mega Backdoor Roth Limit 2024 Fidelity

Mega Backdoor Roth Limit 2024 Fidelity. A mega backdoor roth ira works with investors with money in a 401k rather than a traditional ira. 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 you’d normally owe with such a conversion.

People who earn too much to contribute to a roth ira due to income limits can use a mega backdoor roth to roll over up to $46,000 to a roth ira in 2024. Roth 401 (k) contributions are not subject to an income limit.