topic solo 401k maximize in Get your taxes done using TurboTax

solo 401k maximize

pangho — Tue, 24 Feb 2026 05:37:29 GMT

Hi, I am self-employed and like to contribute 10K to the 401k. But when I click the maximize box it says 27k and I would have a much bigger deduction/deferred. Does this mean I need to put 27k into my account instead 10k ?

Thank you in advance for any response!

Pang

Re: solo 401k maximize

AliciaP1 — Mon, 10 Apr 2023 23:12:19 GMT

Yes, if you check the maximize box TurboTax will calculate the maximum allowable/deductible contribution. If you do not input the specific amount you want to contribute, you will need to contribute that amount by 4/18/23. If you only want to contribute $10k, uncheck the maximize box and enter $10k as your contribution.

Re: solo 401k maximize

pangho — Wed, 12 Apr 2023 16:47:09 GMT

Got it. Many thanks.

Re: solo 401k maximize

pangho — Wed, 12 Apr 2023 16:48:26 GMT

Thank you, Alicia. P1