This indicates specifically that is is Roth IRA contributions.
- BB — Designated Roth contributions under a 403(b) plan.
Limitation on Roth Contributions:
Is there a limit on how much I may contribute to my designated Roth account?
- Yes, the combined amount contributed to all designated Roth accounts and traditional, pre-tax accounts in any one year for any individual is limited (under IRC Section 402(g)). The limit is $19,500 in 2020 and 2021 ($19,000 in 2019), plus an additional $6,500 in 2020 and 2021 ($6,000 in 2015 – 2019) if you are age 50 or older at the end of the year. These limits may be increased in later years to reflect cost of living adjustments.
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