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bstout04
Level 2

Can I contribute to my employer 401k account, after January 1st and have it reduce my tax liability

 
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Accepted Solutions
MinhT
Expert Alumni

Can I contribute to my employer 401k account, after January 1st and have it reduce my tax liability

No, 401(k) contributions are made by salary deferrals and cannot be made after December 31 of the tax year.

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1 Reply
MinhT
Expert Alumni

Can I contribute to my employer 401k account, after January 1st and have it reduce my tax liability

No, 401(k) contributions are made by salary deferrals and cannot be made after December 31 of the tax year.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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