If you’re a small employer or self-employed individual, starting a retirement plan can benefit you and your employees.
- Employer contributions are tax deductible
- A plan helps attract and retain employees.
- Small employers may receive a tax credit for new plans of up to $5,000/year for three years for the cost of setting up a new plan
- Low- to moderate-income employees may claim a Saver’s Credit of up to 50% for contributions made to IRAs and certain retirement plans
These updated publications can help you find a retirement plan that’s the best fit for your business or organization.
Watch the webinar, Retirement Plans for Small Employers and Self-Employed, on the IRS Video portal.
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