https://ttlc.intuit.com/community/self-employed-group/discussion/re-maximum-401k-contribution/01/2368473#M3161 <P><A href="https://www.irs.gov/retirement-plans/one-participant-401k-plans#:~:text=Contributions%20can%20be%20made%20to,age%2050%20or%20over%3B%20plus" target="_blank">https://www.irs.gov/retirement-plans/one-participant-401k-plans#:~:text=Contributions%20can%20be%20made%20to,age%2050%20or%20over%3B%20plus</A></P> Wed, 27 Oct 2021 17:57:47 GMT Critter-3 2021-10-27T17:57:47Z https://ttlc.intuit.com/community/self-employed-group/discussion/maximum-401k-contribution/01/2368462#M3160 <DIV class=""><DIV class=""><DIV class=""><DIV class=""><DIV>As a sole proprietor with no employees, I expect my business's net income this year to be approximately $110,000. As an individual, can I contribute $19,500 to my solo 401k plan this year? I saw some information about how to perform calculations to determine the maximum contribution, but I'm not sure if that applies only to the "employer" contribution.</DIV></DIV></DIV></DIV></DIV> Wed, 27 Oct 2021 17:56:01 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/maximum-401k-contribution/01/2368462#M3160 lcoleman0920 2021-10-27T17:56:01Z https://ttlc.intuit.com/community/self-employed-group/discussion/re-maximum-401k-contribution/01/2368473#M3161 <P><A href="https://www.irs.gov/retirement-plans/one-participant-401k-plans#:~:text=Contributions%20can%20be%20made%20to,age%2050%20or%20over%3B%20plus" target="_blank">https://www.irs.gov/retirement-plans/one-participant-401k-plans#:~:text=Contributions%20can%20be%20made%20to,age%2050%20or%20over%3B%20plus</A></P> Wed, 27 Oct 2021 17:57:47 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/re-maximum-401k-contribution/01/2368473#M3161 Critter-3 2021-10-27T17:57:47Z