[Nicole]

I’ve googled to no avail.

I’m the only employee and my bosses have opened a SIMPLE IRA for me. If I ask for my raise in the form of additional employer contributions does that save them money on employer taxes?

I’d love a win-win scenario for us!

[Bill]

It’s not a win win. Both wages and matching are deducted from business income for your employer. Both are still net expenses to the employer though.

[Joshua]

Yes, employer contributions are a tax deduction for the business.

[Stev]

There are IRS rules for your SIMPLE IRA.
The employer needs to follow IRS rules and inform the accountant/payroll/plan administrator.

[Author]

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