Tag: Internal Revenue Service (IRS)

The new contribution limits take effect for 2025.

Roth contributions, natural disasters and de minimis incentives could require tax reporting changes.

The IRS notice said 2024 will likely be the last year for the relief.

The Chamber of Commerce commented to the IRS that their members are not worried about participants contributing to PLESAs solely...

Many stakeholders expressed concern with the administrative hassle of tracking the service of long-term, part-time employees and said compliance would...

The FAQ guidance builds on earlier IRS directives, with a focus on investments and fee structures.

The notice calls for stakeholders to recommend appropriate enforcement actions to prevent the gaming of employer matches on ESAs.

The grab-bag notice also provided guidance on de minimis incentives, distributions for the terminally ill and Roth matching.

The list contains many SECURE 2.0 provisions, but includes amendments stemming from other laws as well.

The one-page form marks the symbolic start of SECURE 2.0’s enhanced tax credits for small business retirement plan startups.

The agendas contain important updates on fiduciary corrections and ESOP valuation.

The IRS published fiduciary guidance on legislation intended to give more part-time workers access to retirement plans.

Maximum Benefit/Contribution Limits for 2019 through 2024, with a downloadable PDF of limits from 2014 to 2024.

The new limits come with guidance on all the cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related...

The Social Security COLA and IRS Contribution Limits will continue on schedule after a near miss on government shutdown.

Retirement plan advisers were happy to tell plan sponsors about the two-year Roth catch-up extension. But the hard work isn’t...

The IRS extended the requirement by two years to 2026 so that any catch-up contributions from higher income earners must...

Victims of the wildfires on the islands of Maui and Hawaii are eligible for Internal Revenue Service tax relief, including waiving the...

The IRS notice provides additional time to rollover mistaken required minimum distributions as well as RMD relief for IRA beneficiaries.

An IRS clarification that expanded audits for PEPs may be a factor for some providers in leaving the market.