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Small-Business Owners Aren't Claiming 401(k) Startup Credits. What Gives?
Analysis July 28, 2025 at 05:15 PM
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What You Need To Know
- Secure 2.0 enhanced the tax credit business owners can claim to offset costs associated with starting 401(k)s.
- A new analysis shows only 5.5% of “apparently eligible” firms claim the credit, up from 1% pre-expansion.
- Take-up rates vary by industry, firm owner education, and use of tax preparation services.
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