Freelancers can contribute up to $70,000/year to a Solo 401(k) and deduct every dollar.
Fidelity and Vanguard offer free Solo 401(k) accounts with no annual fees.
Open at Fidelity (Free) →Employee deferral limit: $23,500 ($31,000 if 50+)
Employer contribution: Up to 25% of net self-employment income
Combined max: $70,000 ($77,500 if 50+)
Deadline: December 31 for employee deferrals; tax filing deadline for employer contributions.
Creator Fund, LIVE gifts & brand deal taxes
GA 5.49% flat tax + federal take-home
Social Security + Medicare — employee & employer
IRS Uniform Lifetime Table RMD amount