“The Best Sole Proprietorship Retirement Plans
to Reduce Your 2024 Tax Bill”
To get my complete article
with all the details…
Are you operating as a sole proprietor or single-member LLC and haven’t set up a retirement plan yet?
You’re leaving money on the table.
With tax season underway, there’s still time to:
- Set up a retirement plan
- Make a contribution for 2024
- Deduct up to $76,500 from your taxable income
Our latest article breaks down your options:
- SEP IRA: Simple setup with up to $69,000 in deductions
- Solo 401(k): Maximum tax benefits with deductions up to $76,500 if you’re 50+
- Keogh Plans: Similar to SEPs but with borrowing flexibility
- SIMPLE IRAs: Best for modest incomes (plan ahead for 2025)
Don’t file your 2024 taxes until you’ve explored these options. Depending on your income and age, you could save thousands in taxes while building your retirement security.
Time is running out to maximize your 2024 deductions!
CLICK HERE to read my completely new article titled:
“The Best Sole Proprietorship Retirement Plans
to Reduce Your 2024 Tax Bill”
P.S. Did you know you can set up some plans as late as your extended tax filing deadline? Read our article to learn which plan might be best for your situation.