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Level 2
posted Jun 3, 2019 10:21:14 AM

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

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1 Best answer
Expert Alumni
Jun 3, 2019 10:21:15 AM

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

1 Replies
Expert Alumni
Jun 3, 2019 10:21:15 AM

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