SECURE 2.0 Tax Credit Calculator

SECURE 2.0 Tax Credit Calculator

Estimated tax credits for each of the next 5 years.

Please note that the calculator takes into consideration the estimated expenses you have or will have paid for each of the first 3 years.
For information regarding the calculations and the IRS Form, please review the IRS Instructions page for Form 8881 as well as the IRS page: About Form 8881.

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*Qualified startup costs are expenses paid or incurred in connection with (a) establishing or administering an eligible employer plan, or (b) the retirement related education of employees with respect to the plan. Expenses generally include TPA costs to design, draft, and implement the new 401(k).

Disclaimer: The calculations provided are for illustration purposes only; calculations are not intended, nor shall they be deemed to constitute or to provide legal or tax advice or counsel. Please consult with your tax professional to determine your specific tax credit amounts.