Save Tax Dollars With the Right Small-Business Retirement Plan

If you work for yourself or run a small business, odds are you've just wrapped up some invigorating sessions with your calculator, racking your brain for ways to cut your tax bill before April 15.

Here's a tip: If you haven't already set up a retirement plan for your business, doing so could save you substantial tax dollars. Depending on the plan and the amount you contribute, you could deduct as much as $40,000 off your income next tax season.

Plus, starting this year, you may be able to save extra money through some new retirement-related tax breaks. To get you going, we offer a primer below on some of the most popular and (relatively) easy to establish retirement plans for small businesses.

New Perks

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