Act Now to Turn Tax Losers Into Winners

There are plenty of benefits that business owners can attain by implementing a qualified plan. Some of the most significant advantages provided to business owners by these plans include deductible contributions, retirement savings and increased employee morale. If your business owner clients needs even more incentive to establish a qualified plan, they should be informed of a special provision in the tax code that may provide them with even more tax savings.

But this deduction will likely come to an end soon so it is important for them to act now!

The Qualified Business Income (QBI) deduction is provided through Section 199A of the IRS codes and provides the owners of pass-through business entities the opportunity to take a deduction as high as 20%!

To be eligible for this deduction a business owner’s income must fall within a certain range. Funding a qualified plan can help a business owner take full advantage of this deduction, but this deduction will likely come to an end soon, so work with your client’s CPAs to act now!

For more on this topic –

Join the Advanced Markets Team as we discuss some of the most important provisions included in this legislation that relate to qualified retirement plans. This webinar will focus on content of these provisions but also the opportunities that they create for producers working with small business owners.

Secure Act 2.0 and Qualified Plans: Changes and Opportunities for 2023 and Beyond

Presented by James Baumann
Wednesday, March 1
1:00 p.m. ET, 12:00 p.m. CT

Register Now