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Barbara Weltman

Big Ideas for Small Business, Inc.

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Small biz start-up savings account?

August 30, 2014 / By Hudson Fusion

That’s what the Incentivize Growth Now in Tomorrow’s Entrepreneurs Act would allow. This bill introduced in the Senate (S. 2724) would allow nondeductible contributions to a Small Business Start-up Savings Account that could be tapped tax free for startup costs. It’s been referred to the Senate Finance Committee. Chances of passage: Who knows?

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