I have only self employment income. Will contributing to an individual 401(k) lower my self-employment tax? Would my contribution show on line 19 on Schedule C?

 
dmertz
Level 15

Retirement tax questions

No, a contribution to an individual 401(k) will not change your self-employment tax.

 

No, individual 401(k) contributions are not reported on Schedule C.  They are reported on Schedule 1 line 28.