Catch- up contribution to 401k for a W2 client

[E AND M]

Hello,

I have a  W2 client who is over 50 years old, he didn't do the catch-up contribution to his retirement with his employer payroll.

Now he wants to open a retirement account by himself and put his catch-up contribution.

My question is :

1) Is he allowed to do that?

2) is his catch-up contribution tax deductible in his 2024 tax return? ( if yes, where do we report this on his tax return)

Thank you

[Camp1040]

NO!

But if the TP is eligible, he can contribute to a deductible IRA.

[IRonMaN]

But research IRA income limitations for an active retirement plan participant before you give him the green light.  As a side note - Google is your best friend.