Overview

This program summarizes the tax credits in SECURE 2.0 with examples and guidelines. Included in the material is the Start-Up Tax Credit, the auto-enroll tax credit, the employer contribution tax credit and the military spouse tax credit. Examples of each of the credits will assist in identifying which companies will benefit most from the availability of the credits and which credits are most applicable to the company.

Why should you Attend

As an advisor you should be familiar with the introduction of these tax credits to enable you to discuss the advantages with clients that have avoided adopting retirement plans. Since tax credits are more valuable than tax deductions the impact will result in reducing the cost of adopting and operating a retirement plan.

Areas Covered in the Session

• Review of all tax credits and their application
• Discussion of the various types of auto-enroll including ACA, QACA and EACA
• Availability of combined credits
• Definition of Non-Highly Compensated Employee (NHCE) as related to the Start-Up tax credit
• Three examples of the Start-Up tax credit
• Examples of all tax credits application

Who Will Benefit

• All Advisors, including CPAs, Accountants and Financial Advisors will benefit, allowing them to provide this information to their clients and determine if the client is eligible for any of the tax credits
• In addition, IRS form 8881 is included as an image which clearly steps through the calculation of each tax credit

Speaker Profile