If I had a paycheck on 12/31/2020 that had pre-tax 401k and Roth 401k deductions that didn’t hit my Fidelity account until 1/5/2021, do those deductions count towards 2020 IRS Max 401k contribution limit or the 2021 limit of $19,500?

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I would think it should be 2020. The deduction was against your 2020 income. It doesn’t matter when the money gets to fidelity

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Depends on the paycheck date. It’s the same as if I would get paper paychecks and wait 6 months to cash them (if possible) to evade being taxed at a higher rate one year.

All based on when employer pays you. If you got paid on 12/31/20 then it applies to 2020 limits.

Got it thanks! So it should count towards 2020 401k Limit.

Yes

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