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Retirement tax questions
Thanks, but my question was about splitting my contributions between my solo regular 401K and my solo ROTH 401K. (In other words, I have a solo 401k account that has a regular tax-deferred part, and a Roth 401K part).
Based on a net profit of $40330, a SE Tax of 5698 and the fact I'm over 50 (and have no other earned revenue) could I make the following contributions ?
Regular 401K : Elective Deferral of $5150
ROTH 401K : Elective Deferral of $17850 (=$23K minus $5150) and Catch-up contribution of $7240 - this would be a total of $25,090 to my solo ROTH 401K
Thanks
March 29, 2025
5:34 PM