‘Making the New Tax Law Work with High Contribution Retirement Plans’
For Small Business Owners, Professionals & Individuals with High Self-employment Income
This white paper highlights three aspects of the “Tax Cuts and Jobs Act” (TCJA) that impact tax and retirement planning for taxpayers with pass-through income. High contribution retirement plans – Cash Balance and Defined Benefit plans – potentially offer triple value by providing large deductible contributions which can qualify taxpayers for the new Section 199A 20% deduction and then additionally, lower their tax bracket.
Learn More About:
- Tax Bracket Changes
- Deductions Eliminated
- The New Section 199A 20% Deduction for Qualified Taxpayers
The paper also includes client scenarios that show how qualified taxpayers can leverage defined benefit and cash balance plans to maximize tax savings. Here’s one example: