Darren is eligible to contribute to a traditional 401(k)in 2020. He forgot to contribute before year-end. If he contributes before April 15, 2021, he is allowed to treat the contribution as though he made it during 2020.

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This is known as the "prior year contribution" rule and allows individuals to make IRA and 401(k) contributions for the previous tax year until the tax filing deadline (April 15) of the current year. As long as the contribution is made before the deadline and designated as a prior year contribution, it will count towards the previous year's contribution limit.

Darren Is Eligible to Contribute to a Traditional 401(k)in 2020