☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 5, 2019 5:00:13 PM

Is there a maximum limit to my AGI where I can contribute to 401K?

0 1 316
1 Best answer
Level 3
Jun 5, 2019 5:00:14 PM

AGI does not affect eligibility to contribute to a 401k.  AGI does affect eligibility for IRAs.

If you are self employed, and this is a self employment / solo 401k - what you can contribute DOES depend on how much your self employment business net income (from Schedule C) was.

1 Replies
Level 3
Jun 5, 2019 5:00:14 PM

AGI does not affect eligibility to contribute to a 401k.  AGI does affect eligibility for IRAs.

If you are self employed, and this is a self employment / solo 401k - what you can contribute DOES depend on how much your self employment business net income (from Schedule C) was.