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Have already filed and am getting a return for 2018. Just discovered that I was $1000 over to be in the 12% tax bracket. Can I still add to my 401k in 2019 for 2018?

 
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Have already filed and am getting a return for 2018. Just discovered that I was $1000 over to be in the 12% tax bracket. Can I still add to my 401k in 2019 for 2018?

You can do a Traditional IRA for 2018 tax year, and pay the IRA by 4-15-2019.

You would have to do an Amended return to do this.

You cannot take a 401K paid in 2019, on the 2018 return.

Once the return has been filed it cannot be stopped (unless you get extremely lucky and IRS would reject it for some reason).

So you have to wait for the return to be processed and you get your refund.

Then approx February 28th you can sign back into TurboTax and do the Amended return.


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Have already filed and am getting a return for 2018. Just discovered that I was $1000 over to be in the 12% tax bracket. Can I still add to my 401k in 2019 for 2018?

You can do a Traditional IRA for 2018 tax year, and pay the IRA by 4-15-2019.

You would have to do an Amended return to do this.

You cannot take a 401K paid in 2019, on the 2018 return.

Once the return has been filed it cannot be stopped (unless you get extremely lucky and IRS would reject it for some reason).

So you have to wait for the return to be processed and you get your refund.

Then approx February 28th you can sign back into TurboTax and do the Amended return.


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