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New Member
posted Jun 1, 2019 6:34:39 PM

Is there a section in TurboTax that allows me to do a catch-up contribution to my 401K?

I'm trying to reduce how much we owe for 2018.  We both have employer sponsored 401Ks.  I cannot find a section in TurboTax that covers this situation.

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1 Replies
New Member
Jun 1, 2019 6:34:40 PM

Catch-up contributions must be made before the end of the plan year. It's too late to make catch-up elective deferrals for 2018.  Any elective deferrals you make from your pay in 2019 will be deferrals for 2019, not 2018. 

For additional information, see the IRS article Retirement Topics – Catch-up contributions.