![](https://i0.wp.com/shacklemedia.com/wp-content/uploads/2021/09/retirement-savers-love-the-backdoor-roth-ira-strategy-it-might-not-last.jpg?w=640&ssl=1)
Many Americans are using a previously little-known tax method to boost their savings. Now, the government is trying to stop it.
The tax strategy at issue is the mega-backdoor Roth conversion and it has allowed some Americans to amass sizable balances in tax-free Roth retirement accounts. On Sept. 15, the House Ways and Means Committee approved legislation from House Democrats that would prohibit use of the mega-backdoor Roth conversion starting Jan. 1, 2022.
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