turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

gkcaswell
New Member

We have a 401k account. Can we make a deposit in that account, like and IRA, to reduce what we owe this year.

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

We have a 401k account. Can we make a deposit in that account, like and IRA, to reduce what we owe this year.

On an Employer sponsored 401k account, no you cannot contribute to the account in 2017 and apply those contributions to the 2016 tax return.

View solution in original post

1 Reply

We have a 401k account. Can we make a deposit in that account, like and IRA, to reduce what we owe this year.

On an Employer sponsored 401k account, no you cannot contribute to the account in 2017 and apply those contributions to the 2016 tax return.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies