Contributions are limited to the lesser of the allowed amount or 100% of a participant's compensation for the year. Your income changes when you deduct the amounts into the plan. If you have $30k income and then pay $30k into plan, it is subtracted from your income, then you have no income. You have to find the sweet spot for you to have income and deduct the business contributions.
For example: Your ROTH plus your Solo 401k must be less than or equal to your employee compensation.
Reference: Retirement contributions limit
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
