por Victoria Perarnau | Sep 3, 2024 | Bookkeeping
First, you have a low salary relative to your solo 401k plan contribution. For example, a reasonable shareholder salary of $36,000 is determined. You are 52 years old, and want to defer $23,500 (for the 2025 tax year) plus catch-up of $7,500 for a total of $31,000....