Retirement Contr. for Sub S Corp vs Sole properitor. | Ed Slott and Company, LLC

Retirement Contr. for Sub S Corp vs Sole properitor.

Client is currently operating as a self-employed person with no employees and making a SEP contribution: assume the self employed earnings are 100k and he makes a $20k retirement contribution. Would the client save any Social Secuirty & Medicare tax if he operated as a Sub-S Corp and paid himself 80k of salary and deposited the 20K in a qualified retirement plan?
 

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