
Harvard Law Attorney George Blower explains how to determine w-2 wages for a solopreneur taxed as an S-corp/C-corp for purposes of calculating your Solo 401k employer contribution limit.

Harvard Law Attorney George Blower explains how unlike the 401k startup cost credit for full-time employer plans, the $1500 Solo 401k tax credit is not limited to the costs to set up and maintain a Solo 401k so one may claim the full $1500 in tax credits even though the costs to open and maint a Solo 401k are less.

Please check out this good question from our one of our daily My Community Q&A Webinars. Subscribe to our YouTube Channel to get notifications of our Daily FAQs. Can I Upgrade My Existing Solo 401k To Claim The $1500 Solo 401k Tax Credit? If you already have a solo 401k plan with a brokerage firm like Fidelity, Schwab, […]