What is a Cash Balance Plan?

A cash balance plan is a type of defined benefit plan where an employer credits a participant’s account with a set percentage of their annual compensation, plus interest charges. The maximum contribution varies by age but is typically much higher than a 401(k) or a profit-sharing plan.

Related Terms

What is a Solo 401(k)?

What is a Roth 401(k)?

Easily save clients thousands in taxes.

Scan client returns.

Uncover savings.

Export a professional tax plan.

Start Free Trial

Tax positions for businesses and individuals

Start for free today

R&D tax credits

Fuel your venture's growth and innovation with the R&D tax credits. Not just for tech firms or big corporations.

Augusta rule

Rent out your home tax-free for up to 14 days per year. Save even more if you rent to your business.

Depreciation

Put your fixed assets to work for you by utilizing depreciation to find and compare tax savings in minutes.

Home office

Turn your workspace into a tax-saving opportunity. Saving as much as you can? Probably not.

Instead is evolving.  New tax positions are in the kitchen. Stay tuned.

Tax positions for businesses and individuals

R&D tax credits

Augusta rule

Depreciation

Home office

Start your 7-day free trial