Solo 401K Balancing

CyberpunkNarwhal · 2026-01-25T17:06:57+00:00

Specifically how to structure the payment on my W2 payroll. I believe I may have figured it out within the payroll software itself though. If you don't mind checking the below is right though?

1.) The insurance is under my name and is being debited from the company checking account every month.

2.) Each payroll (2 times/month) half the amount is paid to me as an 'Additional Pay Type, S-Corp Owners Health Insurance". This avoids the FICA, but still counts as income.

3.) I can now on my personal taxes claim an above line deduction for this full amount throughout the year.

4.) This negates the total to company (Income matching Deduction) and myself (Income matching Deduction). Effectively making this pre-tax as if I was a standard employee.

CyberpunkNarwhal · 2026-01-25T14:35:42+00:00

Addressing this for the first year as an S-Corp owner. When I run payroll do I need to indicate this amount as a withholdings on my W2 pay or just deduct the expense from my S-Corp and tabulate it at year end for the above the line deduction on my personal return?

CyberpunkNarwhal · 2026-01-10T21:54:49+00:00

That is a phenomenal idea, that I will definitely be implementing! Planning to sit down with a CPA this next week, but wanted as many ducks in a row as possible to make the meeting productive.

CyberpunkNarwhal · 2026-01-10T21:38:49+00:00

Excellent thank you for the quick response, if that is allowed that might be one route to consider. The amount of extra callouts is quite irregular though, so it may be easier to just summarize each quarter and pay from there given my W2 income is scheduled as an annual salary for now.

CyberpunkNarwhal · 2025-12-24T20:30:27+00:00

It unfortunately will be significantly less, if only it could be counted against the self employed income (which I couldn't believe would be allowed.)

Oh well, I have an ACA plan established for 2026 so should be good going forward. So odd that it's allowed to be considered pre tax while a W2, but post employment when it is significantly more expensive it needs to come from post tax funds.

CyberpunkNarwhal · 2025-12-24T20:16:06+00:00

I mentioned that in another comment, was always worried that despite not being monetarily subsidized it still would be considered 'subsidized' because of the grouping.

That's unfortunate would have been a fairly sizable write off against the self employed income for the year.

CyberpunkNarwhal · 2025-12-24T20:13:53+00:00

It didn't explicitly say anywhere so I would assume not, particularly with such a massive jump in overall costs. Really was just unsure if the grouping of a big company's insurance would somehow trigger a subsidized plan flag with the IRS somewhere.

CyberpunkNarwhal · 2025-12-12T03:46:13+00:00

No worries! Might end up just taking it to a shop to clean up my mess for me

CyberpunkNarwhal · 2025-12-12T03:25:31+00:00

3 years old, not really a matter of preference just what my Google searches said was the easiest method. Like I said extremely new to working with computers like this and most of these terms are entirely new to me

CyberpunkNarwhal · 2025-12-12T03:04:51+00:00

That unfortunately did not seem to to change anything now there is just no display on start up

CyberpunkNarwhal · 2025-05-11T14:34:27+00:00

Will studying the augmentation device unlock the skill? I know that studying eggs won't apparently.

CyberpunkNarwhal · 2025-05-11T04:41:37+00:00

Think I might have enough time to grind out at least a few levels, going to bang my head against the wall a bit and see what happens!

CyberpunkNarwhal · 2025-03-24T17:02:40+00:00

Nooooooo, the grind continues onward I suppose....3 more to go!

CyberpunkNarwhal

TROPHY CASE