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Unless you make only 19k per year, you can’t contribute 100%
Coach
Then yes, you would likely have additional tax due. But, you could fill a new W-4 and catch up through additional income tax withholding.
Coach
Yes, there will be nothing to withhold on and you will owe 7.65% of your gross salary for the missed withholding.
I’d be a little surprised if your employer allowed you to do that. The have a liability to withhold the social security and Medicare on the whole amount. Would think they would cap around 90% to ensure that they can withhold Ss+Medicare+any state requirements
I have heard several people use this theory to front load all their contributions at the beginning of the year. Not super in common. Try to post this in the personal investment bowl.