Tag Archives: net self employment income

Can I Use My Spouse’s Income to Contribute to My Solo 401k Plan?

QUESTION: Can I contributed to my solo 401K if my wife has about 90K/year of salary? If so, what is my maxim contribution? ANSWER: No as you can only contribute to the solo 401k based on your net self-employment income, not your wife’s self-employment income. However, you may qualify for a spousal IRA contribution based […]