Posts Tagged ‘Secure 2.0’
Breaking News: IRS Grants Two-Year Delay in Roth Catch-Up Requirements
Section 603 of the SECURE 2.0 Act added a new requirement that high-income individuals must make their catch-up contributions on a Roth basis for high-income individuals, citing “high-income” as employees with wages exceeding $145,000 paid in the prior calendar year by the employer sponsoring the plan. Mandatory Roth treatment of catch-up contributions for high income…
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