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Will The Deductibility Of My Retirement Plan Contributions Be Impacted By The QBI Rules?

Will The Deductibility Of My Retirement Plan Contributions Be Impacted By The QBI Rules?

| April 04, 2019
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The QBI deduction rules are complicated. One of the newest planning issues to consider deals with a possible QBI deduction-reduction effect on retirement plan contributions that could impact how small business owners save for retirement.

To help make the conversation with clients easier, we have created the “Will The Deductibility Of My Retirement Plan Contributions Be Impacted By The QBI Rules?” flowchart. This particular flowchart was developed in collaboration with Jeff Levine and based on the recent Nerd’s Eye View article he wrote covering this topic. This flowchart considers the following:

  • Key QBI deduction eligibility guidelines
  • QBI deduction income thresholds
  • Positive impact of lower AGI
  • Roth 401(k) vs pre-tax 401(k) decision points
  • Mega Backdoor Roth IRA consideration

This article represents opinions of the authors and not those of their firm and are subject to change from time to time, and do not constitute a recommendation to purchase and sale any security nor to engage in any particular investment or legal strategy. The information contained here has been obtained from sources believed to be reliable but cannot be guaranteed for accuracy.

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The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

ISC Financial Advisors is an independent Registered Investment Advisor (RIA) registered with the United States Securities and Exchange Commission (SEC).  Advisory services are only offered to clients or prospective clients where ISC Financial Advisors and its representatives are properly licensed or exempt from licensure.  Investment advice may only be given within the context of our client service agreement with each client.”ISC Financial Advisors is an independent Registered Investment Advisor (RIA) registered with the United States Securities and Exchange Commission (SEC).  Advisory services are only offered to clients or prospective clients where ISC Financial Advisors and its representatives are properly licensed or exempt from licensure.  Investment advice may only be given within the context of our client service agreement with each client.”

ISC Financial Advisors is an independent Registered Investment Advisor (RIA) registered with the United States Securities and Exchange Commission (SEC).  Advisory services are only offered to clients or prospective clients where ISC Financial Advisors and its representatives are properly licensed or exempt from licensure.  Investment advice may only be given within the context of our client service agreement with each client. 

ADV Part 2A and 2B, ADV Part 3

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