The Small Nonprofit Retirement Security Act of 2025 extends two existing federal tax credits to tax-exempt organizations like nonprofits and charities that currently cannot access them. Specifically, the bill makes available the small employer pension plan startup credit and the retirement auto-enrollment credit to eligible small nonprofits, allowing these organizations to offset their payroll taxes by up to the amount of the credits they qualify for. This change applies to tax years beginning after December 31, 2024, and is designed to help smaller nonprofit employers establish or expand retirement benefits for their workers without additional out-of-pocket costs. The bill includes a provision to transfer any lost federal tax revenue to Social Security and disability trust funds to compensate for the reduced tax collections.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.