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DME1
New Member

Solo Roth 401k contribution limits

Does TT assist with contribution limits to both employee and employer Roth 401k?   Is there a section in the business TT that would just spit out the $ amounts one can put into either one or the other or both plans.  It would sure be useful.  I am struggling with getting my contributions correct.  Any help here?

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1 Reply
JotikaT2
Employee Tax Expert

Solo Roth 401k contribution limits

Assuming you are referring to a Solo 401(k), I'm assuming the business is listed on your Schedule C when preparing your individual return.

 

If this is accurate, then yes, follow the steps in the following link to determine the Solo Roth 401(k) information that you can include in your return. The link includes information for entering the matching employer contribution amount as well as information on maximizing your allowable contributions.

 

How do I enter a Solo 401(k) in TurboTax?

 

 

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