Yes, salary deferral contributions also known as employee solo 401(k) contributions are subject to Federal Insurance Contribution Act (FICA) and Federal Unemployment Tax Act (FUTA) tax withholding (IRC Sec. 3121(v)). However, the salary deferral contributions are not subject to federal income tax unless they are applied as Roth Solo 401k contributions.
ROBS 401k Funding Process
Solo 401k Contributions Including Mega
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About MySolo401kWe help our clients take control of their retirement money. Our products and services provide our clients the freedom to invest their retirement savings in their own business as well as alternative investments such as real estate, private companies, promissory notes, precious metals, tax liens and equities.
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