Biz Write-Offs LogoBiz Write-Offs

Solo 401(k) Employee Contribution

Up to $24,500

Can You Write Off Solo 401?

Short answer: Solo 401(k) Employee Contribution — Retirement & Tax Deductions

Employee elective deferral for self-employed retirement (reduces AGI).

Records to keep: Keep receipts and document business use. Deductible if ordinary and necessary for your trade or business.