Secure Act Tax Credit Calculator

Thanks to the Setting Every Community Up for Retirement Enhancement (SECURE) Act, small business owners have the opportunity to lower their taxes when they start a retirement plan for their employees.

See how much you can save

As a small business, you could qualify to earn up to $16,500 in tax credits over a 3 year period by starting a qualified retirement plan with auto-enrollment.

Do you already have a 401(k) plan that was started before 2018?

Yes No

May not be eligible for start-up credit if plan is more than 3 years old, but may still be eligible for $500 auto-enrollment credit.

How many employees do you have?

Cannot exceed 100 employees to be eligible for credit.

How many non-owner employees received less than $125,000 last year?

Please enter number less than your total employee count.

Calculate

Year 1

Year 2

Year 3

Total

Start-Up credit up to ? Start-up Credit is $250 per non-highly compensated employee but no less than $500 in total and not to exceed $5,000 per year. The credit shall not exceed 50% of total cost per year. The start-up credit is available for the first three years of the plan. x

Auto-enrollment credit up to ? Annual credit of $500 applies to plans who add an automatic-enrollment provision to the 401(k) Plan. x

Total tax credits up to

Slide left/right to see full table.

This calculator is for illustration purposes only and should not be construed as tax advice. Users should consult a tax professional regarding specific tax needs, credit availability and amount. For further information please visit the IRS website.

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