George Blower

Nov 9, 2024 | whitecoatinvestor.com | Lauren O'Brien |George Blower

By George Blower, Guest WriterAre you a self-employed individual considering setting up a solo 401(k)? You might be leaving money on the table if you or your CPA aren't clear about the available tax credits. This article will dive into a common misconception that could save you $1,500 on your taxes. The Case of the Confused CPAImagine this scenario:Client: “Hey, I just set up a solo 401(k). Can I claim that $1,500 tax credit I heard about?”CPA: “Sorry, but you're not eligible.