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Get your taxes done using TurboTax
outdated info in the i401k info box. 2021 deferral limits with catchup are 26k not 25k
https://www.irs.gov/retirement-plans/one-participant-401k-plans
Limits on Contributions
Elective deferrals (contributions) to an Individual or Roth 401(k) plan must be coordinated with any other elective deferrals to ensure that the total does not exceed $19,500 ($25,000 if age 50 or older) for the year. Other elective deferrals include deferrals to employer provided retirement plans shown in Box 12 of Form W-2 and any contributions to a SIMPLE plan. Review all your elective deferrals for the year to be sure you have not exceeded the maximum.
‎January 31, 2021
7:05 PM