590053
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Is there a maximum limit to my AGI where I can contribute to 401K?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
JBH0
Level 3

Is there a maximum limit to my AGI where I can contribute to 401K?

AGI does not affect eligibility to contribute to a 401k.  AGI does affect eligibility for IRAs.

If you are self employed, and this is a self employment / solo 401k - what you can contribute DOES depend on how much your self employment business net income (from Schedule C) was.

View solution in original post

1 Reply
JBH0
Level 3

Is there a maximum limit to my AGI where I can contribute to 401K?

AGI does not affect eligibility to contribute to a 401k.  AGI does affect eligibility for IRAs.

If you are self employed, and this is a self employment / solo 401k - what you can contribute DOES depend on how much your self employment business net income (from Schedule C) was.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question