Benefits You Can Get Through Your Business (In 2024)
Benefits are no longer an excuse for not starting your dream business!
(Remember to check with your CPA to verify that your business qualifies for these benefits.)
🍎 HSA 🍎
Max contribution for 2024 is $4,150 for an individual and $8,300 for family coverage. (Your spouse counts as family.)
💰 SEP IRA 💰
You can contribute 25% of your business’ net income, up to $69,000 in 2024! To compare, the max contribution for 401(k)s in 2023 is $23,000.
Note that if you have employees you have to set up SEPs for them as well. Chat with your CPA about this.
(You can also contribute to a Roth IRA if you have a SEP IRA.)
And that’s not all of the benefits you can get through your business! ➡️ https://www.missmegabug.com/blog/bene...
Beep, beep! Learn how start your dream business in my Begin Your Business online course. It’s free! ➡️ https://www.missmegabug.com/begin-you...
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ABOUT ME: Hey there! I'm Meg, your zillennial business and marketing mentor. Let's get you from side hustler to self-employed. Check-out my free how-to tutorials and online business and marketing courses. Learn more at https://www.missmegabug.com
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