SECURE Act Tax Estimator: Easily Estimate Your Clients’ Tax Credits

You may be aware that the SECURE Act provides that small business owners who establish a new 401(k) retirement plan could potentially receive valuable tax credits. But did you know that you, as a trusted advisor, can demonstrate your exemplary services to your clients by showing them an estimate of their tax savings in just a few clicks?

Our SECURE Act Tax Estimator takes the guesswork out of crunching the numbers so you can easily estimate your clients’ tax credits and boost your own business’s reputation in the process.

What is the SECURE Act 2.0 Tax Estimator?

Our SECURE Act 2.0 Tax Estimator is an easy-to-use tool that helps you determine how much your clients can potentially earn in tax credits.

You can easily estimate their savings by answering a few simple questions related to their business such as the number of employees and highly compensated employees (HCEs), they have. For the 2024 plan year, an employee is considered an HCE if they earn more than $155,000, or own more than 5% of the business.

The Estimator also considers the plan features and services your client has selected. Enter the information into our Estimator and press the calculate button to display the potential amount of tax credits your client may receive. It’s that simple.

Which clients are eligible for SECURE Act tax credits?

If your business-owner clients are adopting a new 401(k) retirement plan, providing an employer matching or profit sharing option, or opting into automatic employee enrollment, they may be eligible to receive tax credits as outlined in the SECURE Act.

What do advisors gain from the SECURE Act Tax Estimator?

Your clients need you to help them make wise financial choices for their businesses. By helping your clients realize their savings potential, you can help them feel at ease with your financial recommendations—now and in the years to come. Imagine how grateful they will be when you estimate how much they can gain in tax credits by adopting a 401(k) retirement plan.

Not only will you be opening your clients’ eyes to the financial possibilities that a 401(k) plan brings, but by encouraging your clients to enroll in a retirement plan you’ll also be helping their employees save for the future. Additionally, your own client base has the potential to grow based on client advocacy and word-of-mouth referrals.

Conclusion

Don’t just tell your clients about their tax credit potential, show them. Entering details about your clients’ businesses into our SECURE Act Tax Estimator will bring their attention to how much they could potentially save by enrolling in a small-business retirement plan.

Helping one client realize their savings potential by estimating their tax credits using our SECURE Act Tax Estimator can lead to you helping even more clients down the road. Are you ready to seize this opportunity to help your clients? Log in to your account and use our SECURE Act Tax Estimator today.