goshawk2
Returning Member

Deductions & credits

@dmertz 

 

Huge thanks for this. Had I only known years ago. May I just check that I've got this clear?

 

With 28,700 in Schedule C net income for 2024, I can

1) claim my 8700 health insurance deduction

2) put the remaining 20,000 in my solo 401k

3) and still put 8000 in my traditional IRA for 2024?

 

If so... !!!!