Retirement Plan Comparison
How much each plan lets a business owner sock away — and deduct — at your income and age.

Your numbers

Solo 401(k) and SEP-IRA share one $70,000 ceiling — you pick one, and the Solo usually wins because of the salary deferral. A cash-balance / DB plan stacks on top of a 401(k) but needs an enrolled actuary and steady annual funding.
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Educational only — not tax, legal, or financial advice. ScanMyTaxes is a software tool, not a tax preparer or advisor, and does not prepare or file returns. Every figure here is an estimate based on the information you enter; results are not guaranteed and depend on your specific situation. Confirm all strategies, eligibility, and numbers with your own qualified tax professional before acting. Using this tool does not create a client relationship.