Oct 12, 2024 · Should the "after-tax" 401k megabackdoor Roth contribution show up under Line12 code-AA of W-2, or is the W-2 wrong? What may be the reason the tax software taxact may …

Feb 28, 2025 · A "mega backdoor Roth" strategy can potentially allow some people to save more in a Roth IRA and/or Roth 401 (k) than they otherwise would be able to. Whether or not the …

Apr 12, 2025 · There are three kinds of contributions that the IRS allows to be made to a 401 (k) or 403 (b): Despite the IRS allowing all three, many plans only allow the first or just the first …

Sep 26, 2025 · What is a Mega Backdoor Roth Election Form? A Mega Backdoor Roth Election Form is a document used by participants in certain employer-sponsored retirement plans, such …

Mar 21, 2025 · A mega backdoor Roth conversion is a retirement plan strategy that can allow individuals to allocate money to the Roth tax strategy above and beyond both traditional 401 …

Jul 4, 2025 · The Mega Backdoor Roth tax implications depend on whether you’re converting after-tax contributions or the earnings they generate. Your after-tax dollars go into the Roth tax …

May 7, 2025 · A mega backdoor Roth strategy can help high earners reap the tax benefits of Roth accounts, despite exceeding income limits. Here's what you need to know.

Here is a list of our partners. If you're a high-earner who can't contribute to a Roth IRA, a mega backdoor Roth — particularly if your 401 (k) plan allows it — might be a solution.

On the surface, the mega backdoor Roth sounds like the solution. The mechanics seem simple (this is a very simplified explanation): Convert the after-tax contribution and earnings within the …

Jun 4, 2025 · Eligible individuals are (1) those enrolled in an employer-sponsored traditional 401 (k) plan that allows after-tax contributions and in-service withdrawals or Roth rollovers, and (2) …