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Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
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DWC ERISA Consultants LLC
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Retirement Plan Administrator (Part-Time) Accelefund, Inc.
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Participant Services & Operations Coordinator Pentegra
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July Business Services
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Defined Benefit Specialist II or III Nova 401(k) Associates
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Retirement Plan Termination Specialist Compass
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Merkley Retirement Consultants
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Professional Firm Retirement Plans and the New QBI Tax Deduction
Van Iwaarden Associates
Oct. 11, 2018 "The combined effect of the retirement plan and QBI deductions can be astonishing. Let's take the example of Rachel, a 50 year old married partner in a successful LLC. Her share of the firm's profits is $376,000. If she maximizes her 401(k) deferral and the firm maximizes her profit sharing contribution (total of $61,000 with catchup), her taxable income has dropped to $315,000. She's entitled to the $61,000 deduction and, in addition, she can now deduct the entire 20% of QBI." MORE >> |
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