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I want to lower how much i have to pay in Federal and state taxes for my 2020 taxes. Can i put additional funds into my 401K plan for 2020 in this year 2021? How to do?

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I want to lower how much i have to pay in Federal and state taxes for my 2020 taxes. Can i put additional funds into my 401K plan for 2020 in this year 2021? How to do?

No. And 401(k) contributions can only come from your wages and reported in box 12 on the W-2 form for the year contributed.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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I want to lower how much i have to pay in Federal and state taxes for my 2020 taxes. Can i put additional funds into my 401K plan for 2020 in this year 2021? How to do?

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I want to lower how much i have to pay in Federal and state taxes for my 2020 taxes. Can i put additional funds into my 401K plan for 2020 in this year 2021? How to do?

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