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New Member
posted Mar 18, 2025 11:04:53 AM

How to add catchup 401k contribution in TurboTax

I have 401k plan from my employer. I am above 50, so allowed additional $7500 catchup contribution.

How do I add it in turbotax? Adding it as TraditionalIRA contribution hits a income limit and TT reduces it to 0.

As far I know, there is no income limit for catchup contribution. Is this not supported by TurboTax?

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1 Replies
Expert Alumni
Mar 18, 2025 11:10:03 AM

401(k) contributions can only be made by salary deferrals and are reported on your form W-2, box 12 code D. You do not report 401(k) contributions anywhere else on your tax return.

 

You can't contribute by writing a check and deposit it in your 401(k) account.

 

There no income limit for the catch-up contribution, but it must be made through salary deferrals.