Streamlined Tax Credit Estimator
SECURE Act 2.0
Are your clients eligible for tax credits? Contact our experts to find out.
The SECURE Act 2.0 has significantly expanded eligibility for tax credits, meaning more savings for qualified employers—your clients. Business owners may be eligible if they’re starting a plan, providing a match, or opting in to employee auto-enrollment.
Estimate your client’s potential savings with our Secure Act 2.0 tax credit estimator.
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How much can your clients potentially save?
SECURE Act 2.0 | Streamlined Tax Credit Estimator
These calculations are an estimate and are not intended for specific legal or financial advice. Consult a tax professional to determine your exact tax credit eligibility.
HCE’s cannot exceed total number of employees.
Total Estimated Savings: $
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Total Estimated Savings: $
*Startup Credit: Eligible businesses with 50 or fewer employees may qualify for a
federal tax credit equal to 100% of the administrative and certain other qualifying costs for
establishing a workplace retirement plan. Eligible businesses with up to 100 employees may qualify
for a federal tax credit equal to 50% of the administrative and certain other qualifying costs for
establishing a workplace retirement plan. The credit is capped at $5,000 annually and is applicable
for the first 3 years the plan is in operation.
**Auto Enrollment Credit: An additional $500 credit is available for new plans with
auto enrollment, or existing plans newly adding the feature. This credit is available for 3
years.
***Employer Contribution Credit: For employer matching or profit-sharing
contributions, the Employer Contribution Credit may provide up to $1,000 per employee (with wages of
$100,000 or less). The credit is limited to employers with 100 or fewer employees, phases out over 5
years, and is subject to further reductions for employers for 51 to 100 employees.
The interactive calculator and other information on this website, including, without limitation, information derived from using the interactive calculator, are presented for general information purposes only and are not, and should not be considered, financial, legal, tax, accounting, or other advice. You should not consider the interactive calculator or any other information on this website to guarantee any particular outcome or as a substitute for financial, legal, tax, accounting, or other advice in which the facts and circumstances of your company’s particular situation can be considered. We encourage you to consult your own financial, legal, tax, accounting, or other advisors as it pertains to your company’s own unique situation and to obtain answers to any questions you may have. ePlan/Paychex shall not be responsible or liable for any action, position, or reliance based on or in connection with the interactive estimator or any information contained herein.
*Startup Credit: Eligible businesses with 50 or fewer employees may qualify for a
federal tax credit equal to 100% of the administrative and certain other qualifying costs for
establishing a workplace retirement plan. Eligible businesses with up to 100 employees may qualify for a
federal tax credit equal to 50% of the administrative and certain other qualifying costs for
establishing a workplace retirement plan. The credit is capped at $5,000 annually and is applicable for
the first 3 years the plan is in operation.
**Auto Enrollment Credit: An additional $500 credit is available for new plans with
auto enrollment, or existing plans newly adding the feature. This credit is available for 3 years.
***Employer Contribution Credit: For employer matching or profit-sharing contributions,
the Employer Contribution Credit may provide up to $1,000 per employee (with wages of $100,000 or less).
The credit is limited to employers with 100 or fewer employees, phases out over 5 years, and is subject
to further reductions for employers for 51 to 100 employees.
The interactive calculator and other information on this website, including, without limitation, information derived from using the interactive calculator, are presented for general information purposes only and are not, and should not be considered, financial, legal, tax, accounting, or other advice. You should not consider the interactive calculator or any other information on this website to guarantee any particular outcome or as a substitute for financial, legal, tax, accounting, or other advice in which the facts and circumstances of your company’s particular situation can be considered. We encourage you to consult your own financial, legal, tax, accounting, or other advisors as it pertains to your company’s own unique situation and to obtain answers to any questions you may have. ePlan/Paychex shall not be responsible or liable for any action, position, or reliance based on or in connection with the interactive estimator or any information contained herein.
SECURE Act 2.0 tax credits: Supporting small businesses
The SECURE Act 2.0 expands on the original SECURE Act of 2019, and this means expanded tax credits for small businesses. Eligible employers can enjoy thousands of dollars in savings this tax year. The result? More opportunities for your clients to focus on growing their businesses.
There are three main types of tax credits that your business owner clients may qualify for: the startup tax credit, employer contribution tax credit, and auto-enrollment tax credit.
Eligible employers can claim 100% of retirement plan startup costs for providing and maintaining an employer-sponsored 401(k) plan.
Employers who provide an employer match in their company's retirement plans may be eligible for this tax credit.
Employers who opt into an auto-enrollment contribution arrangement may qualify for the auto-enrollment tax credit.
To help your clients understand their eligibility requirements for each tax credit, read our blog post and reach out to our retirement sales experts.
Are your clients eligible for tax credits? ePlan Services can help
Our retirement sales experts will help you understand your client's eligibility for SECURE Act 2.0 tax credits.
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Our retirement sales experts are here to help you understand your clients’ eligibility for SECURE Act 2.0 tax credits. Learn more about how these tax clients can save time and money on their employer-sponsored retirement plans.
