SECURE 2.0 Tax Credit Calculator

Start-Up Tax Credit

$250 per non-highly compensated employee up to $5,000/year.

Offset 100% of eligible expenses if less than 50 employees.

Offset 50% of eligible expenses if greater than 50 employees.

Automatic-Enrollment Tax Credit

$500 per year.

Employer Contribution Tax Credit

Up to $1,000 per employee earning less than $100K.

100% credit if fewer than 50 employees.

Less than 100% credit if greater than 50 employees.

Estimated First 3 Years of Expenses

Enter the actual or estimated qualified start-up costs* incurred, or are expected to be incurred, for the current and subsequent 2 tax years.

Start-Up Credit: How many non-owner employees received less than $150,000 last year (2023 NHCEs)?

0
100

Small Employer Auto-Enrollment Credit

?

Check box if plan will have an automatic enrollment contribution.

Employer Contribution Credit

?

Check box if you want to make an employer contribution.

Employer Contribution Credit: How many employees earned less than $100,000 last year (2023)?

What is your estimated budget for the employer contribution?

0
1,000,000

Average Employer Contribution per Employee

Summary

Tax Year 1

Qualified Expenses Y1

Start-Up Credit

Automatic-Enrollment Credit

Employer Contribution Tax Credit

Tax Year 2

Qualified Expenses Y2

Start-Up Credit

Automatic-Enrollment Credit

Employer Contribution Tax Credit

Tax Year 3

Qualified Expenses Y3

Start-Up Credit

Automatic-Enrollment Credit

Employer Contribution Tax Credit

Tax Year 4

Employer Contribution Tax Credit

Tax Year 5

Employer Contribution Tax Credit

Subtotal

Start-Up

Auto-Enrollment

Employer Contribution

Total Tax Credit

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

Print