Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 
dreierkme
New Member

Can I deposit the $6000 catch up amount in my employer sponsored 401K in 2018 for 2017?

I am an employee with an employer sponsored 401k plan.  I am eligible to contribute the catch up amount of $6,000 in addition to the $18,000 but did not have it withheld during 2017.  I would like to make an additional deposit into my account in 2018 for 2017. Can I do this and where would it be entered in turbo tax?

1 Best answer

Accepted Solutions
DoninGA
Level 15

Can I deposit the $6000 catch up amount in my employer sponsored 401K in 2018 for 2017?

The employer sponsored 401(k) plan is on a calendar year for contributions.  Any contributions made after 12/31/2017 will be for tax year 2018 only.

View solution in original post

1 Reply
DoninGA
Level 15

Can I deposit the $6000 catch up amount in my employer sponsored 401K in 2018 for 2017?

The employer sponsored 401(k) plan is on a calendar year for contributions.  Any contributions made after 12/31/2017 will be for tax year 2018 only.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~