Is there a separate limit for Voluntary After Tax Solo 401k Contributions?

July 18, 2023 | By George Blower

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Self-employed 401k FAQ – Is there a separate limit for Voluntary After Tax Solo 401k Contributions?

QUESTION:

Do voluntary after-tax contributions share the yearly contribution limit with non-Roth and Roth contributions or is it a separate limit?

RESPONSE:

No there is not a separate limit and voluntary after-tax contributions count towards the overall limit. One may make voluntary after-tax contributions up to 100% of one’s self-employment compensation up to the overall limit (e.g. $66,000 for 2023) provided that the total of all solo 401k contributions doesn’t exceed the overall limit.

Tags: contribution limit, entrepreneur, Individual 401k, self employed 401k, self-directed 401k, Solo 401k, Solo 401k Contributions, solopreneur, Voluntary After-tax

About George Blower

I have the privilege of educating our clients about our products and services so that they can make informed and confident decisions about their financial future. Prior to joining My Solo 401k Financial, I served as the general counsel for a subsidiary of a Fortune 500 financial services company. Learn more about George Blower and My Solo 401k Financial >>

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