https://ttlc.intuit.com/community/tax-law-changes/discussion/re-solo-401k-deduction/01/2775977#M742 <P>You can contribute as both employer and employee,&nbsp;offering tax-deductible contributions as the employer and&nbsp;pretax elective deferral contributions as the employee,&nbsp;along with tax-deferred growth potential on contributions.&nbsp;&nbsp;</P> <P>Solo 401(k) contributions are subject to FICA and FUTA tax.</P> Wed, 28 Sep 2022 18:09:28 GMT AmitaR 2022-09-28T18:09:28Z https://ttlc.intuit.com/community/tax-law-changes/discussion/solo-401k-deduction/01/2775920#M741 <P>I am a sole proprietor and considering adding to my Solo 401k this year.&nbsp; Am I able to deduct my contribution on my schedule C to avoid Federal, FICA, and state tax?</P> Tue, 10 Mar 2026 06:00:13 GMT https://ttlc.intuit.com/community/tax-law-changes/discussion/solo-401k-deduction/01/2775920#M741 levetan 2026-03-10T06:00:13Z https://ttlc.intuit.com/community/tax-law-changes/discussion/re-solo-401k-deduction/01/2775977#M742 <P>You can contribute as both employer and employee,&nbsp;offering tax-deductible contributions as the employer and&nbsp;pretax elective deferral contributions as the employee,&nbsp;along with tax-deferred growth potential on contributions.&nbsp;&nbsp;</P> <P>Solo 401(k) contributions are subject to FICA and FUTA tax.</P> Wed, 28 Sep 2022 18:09:28 GMT https://ttlc.intuit.com/community/tax-law-changes/discussion/re-solo-401k-deduction/01/2775977#M742 AmitaR 2022-09-28T18:09:28Z