How to Save Money on Taxes with Olympian and Student Loan Planner Lauryn Williams
Student Loan Planner
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The Student Loan Plan. Podcast - Student Loans and Taxes
The sep ir a and the solo four o one k are going to be those pretax options we were referring to when we were talking about employees. The sep ir a is going to save you money on taxes if you make on utions to it. However, you're going to be limited to 25 % of your net earnings from self employment. So there's a bit of a strategy there in doing that calculation. But because you're self employed, you're also the employer, and so you're goingto be limited to that 25 % number as the employer. You can get more money into the four o onek than you would the sepiaray by taking advantage of different tax rates
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