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Level 2
posted Oct 1, 2020 12:08:23 PM

How to contribute to 401k from 1099 income

Hello,

What is the max amount I can contribute to solo 401k from my 1099 income? I don't  have any other income. Is there a percentage of income or I really can go 100% as long as I am within limits?

Thanks

S

0 1 910
1 Replies
Level 15
Oct 1, 2020 6:54:48 PM

https://www.kiplinger.com/article/retirement/t001-c000-s001-how-much-can-you-contribute-to-a-solo-401-k-2020.html