# Bonus to Simple IRA

**URL:** <https://discussion.mainstreetbusinesspodcast.com/t/bonus-to-simple-ira/407>\
**Category:** Tax Strategies\
**Created:** [November 12, 2024, 4:07pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/bonus-to-simple-ira/407 "2024-11-12T16:07:50Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![DB2027](https://avatars.discourse-cdn.com/v4/letter/d/8e7dd6/32.png) [@DB2027](https://discussion.mainstreetbusinesspodcast.com/u/DB2027)\
**Post date:** [November 12, 2024, 4:07pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/bonus-to-simple-ira/407/1 "2024-11-12T16:07:50Z")

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Hello,

I am an owner of an S-Corp and I am not looking to increase my taxable income on my W-2 due to annual earning restrictions. Am I able to take a bonus from the S-Corp and place it in my 401k (Simple IRA) without increasing the W-2 wages from the S-Corp?

I appreciate any guidance from you.

Thanks,

DB2027

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**Author:** ![system](https://us1.discourse-cdn.com/flex046/uploads/msbpod_openforum/original/1X/42f4af5f452c22dd6feece9c5b47d6a5185fa706.png) [@system](https://discussion.mainstreetbusinesspodcast.com/u/system)\
**Post date:** [November 20, 2024, 5:57pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/bonus-to-simple-ira/407/2 "2024-11-20T17:57:42Z")

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We covered this on the Podcast today. Wednesday, November 20th. It will be live in the next 3-4 days. Thank you so. much for listening. Mark and Mat