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Retirement tax questions
I don't see anything in the IRS tax code that says pre-tax or post-tax (Roth) payroll deferral contributions to my 401K cannot count as repayment of a CARES withdrawal. If I've missed something, can someone please point me to it? Any money I put into the 401k account after the date of my CARES withdrawal is essentially me putting the money back in and should count towards repayment. I realize there is an argument against doing this with pre-tax dollars because then you're reducing your taxable income twice, but I don't see anything in the tax code disallowing that.
Thanks for any help/insights. Just trying to navigate this thing...
May 2, 2022
12:33 AM