Guest m.n.ouellette Posted March 28, 2007 Posted March 28, 2007 Is the tax credit still available to companies who sponsor new retirement plans? Is it $500? Thanks!!!!!
four01kman Posted March 28, 2007 Posted March 28, 2007 Yes and Yes. The credit for a new plan for small employers was extended in the recent legislation. The maximum credit is $1,500 for $3,000 in start-up expenses, spread equally over 3 years. Jim Geld
Jim Chad Posted March 28, 2007 Posted March 28, 2007 Quick addition: There must be at least one employee covered. It does not apply to a "solo-k".
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