1. Pass through tax credit requires pass-through income. You can't get that from a schedule C, you'd have to do S-corp or partnership.
2. Solo 401k maxes out at $66,000 for 2023. You can put that in either from your individual return or through the S-corp.
3. That's correct. SO it is $2000 more expensive to be an S-Corp.
4. Also correct. Through the S-corp it is required to pay yourself a reasonable salary. "Reasonable" is one you can back up with evidence. You can't pay yourself a dollar and you shouldn't pay yourself 100% of the net profits. Try and find a job listing for your area on the lowest side of what you do and pay yourself that amount. The difference between that salary's medicare cost and the medicare cost of the entire thing is the savings for the S-corp. Decide once you've done that math whether it is worth it.
@Side_Gig
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