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mrgrg4
New Member

Can I contribute to a 401K after 1 January 19 before 15 april 19 and it reduce my taxable income for 2018

 
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JohnW15
Intuit Alumni

Can I contribute to a 401K after 1 January 19 before 15 april 19 and it reduce my taxable income for 2018

Unfortunately, you can't do this.

401k elective deferrals needed to have been made through payroll deduction by the end of the tax year, and there's no grace period after that to make additional contributions.


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1 Reply
JohnW15
Intuit Alumni

Can I contribute to a 401K after 1 January 19 before 15 april 19 and it reduce my taxable income for 2018

Unfortunately, you can't do this.

401k elective deferrals needed to have been made through payroll deduction by the end of the tax year, and there's no grace period after that to make additional contributions.


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