Solo 401k Contribution Deduction Limits
When you make Solo 401k Contributions for yourself, you need to make a special computation to figure your maximum deduction for these contributions. Compensation is your net earnings from self-employment. This definition takes into account the following items.
The deduction for your own Solo 401k contributions and your net earnings depend on each other. For this reason, you determine the Solo 401k deduction for your own contributions indirectly by reducing the contribution rate called for in your Solo 401k plan.
Click on Where to Deduct Solo 401k Contributions to learn more.
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Solo 401k Contribution Calculator
Solo 401k Deadlines
- The deduction for the deductible part of your self-employment tax.
- The deduction for contributions on your behalf to the Solo 401k Plan.
The deduction for your own Solo 401k contributions and your net earnings depend on each other. For this reason, you determine the Solo 401k deduction for your own contributions indirectly by reducing the contribution rate called for in your Solo 401k plan.
Click on Where to Deduct Solo 401k Contributions to learn more.
More Information
Solo 401k Contribution Calculator
Solo 401k Deadlines