- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
This is correct behavior. The same portion of net earnings can support both a Roth 401(k) contribution and a Roth IRA contribution because only deductible contributions to your solo 401(k) reduce the amount of income that you can apply to an IRA contribution, per the tax code. A Roth contribution to your solo 401(k) is not deductible.
March 19, 2021
7:13 PM