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Annual contributions to OnePersonPlus® are a tax deductible business expense. High contributions may reduce your client's Adjusted Gross Income, making itemized deductions potentially worth even more.
High income earners 50 or older may be eligible to contribute to OnePersonPlus 2 to 3 times the amount they might otherwise contribute to a SEP or 401(k).
 2008 plan maximum contribution limits for a 52 year old, including "catch-up" contributions of $2500 for SIMPLE IRA, $5000 for 401(k).
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This potential tax savings comparison is for illustration only. It assumes a business owner age 52 earning $230,000 in W-2 income is in a 38% combined federal and state marginal tax bracket.
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