IRS Delays Applicability of Certain Proposed RMD Rules to 2026
The agency decided to extend the deadline after commenters expressed timing concerns for implementing the final regulations.
Tag: IRS
IRS Sends Final Reminder for Retirees to Take 2024 RMDs
Those who are at least 73 years old must take their IRA and defined contribution plan distributions before the end...
IRS Issues 2024 Required Amendment List for Qualified and 403(b) Plans
Plan sponsors of qualified plans and 403(b) plans may need to make plan amendments to comply with tax law.
Treasury, IRS Advised for Simplicity, Public Push on Saver’s Match
Recordkeepers, industry organizations and academics weighed in on how to best get plan sponsors to implement a federal matching program...
Benefits |
IRS Increases Tax-Free IRA Charitable Donation Limit to $105,000 for 2024
The annual cap rises from the previous $100,000 limit.
DOL Announces Extended Deadlines for Plans Impacted by Hurricanes Helene, Milton
In all impacted areas, relief ends on May 1, 2025.
Benefits |
IRS Flexible Spending Information Available for Plan Sponsors to Alert Participants
The IRS is encouraging taxpayers to take advantage of flexible spending arrangements in 2025, with contribution limits set at $3,300.
Does IRS Disaster Relief Extend to Plan Sponsors With Affected Service Providers?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
IRS Increases 401(k) Limit to $23,500 for 2025, IRA Limit Stays $7,000
The announcement comes with guidance on all the cost-of-living adjustments affecting limitations for pension plans and other retirement-related items for...
IRS Releases Tax Inflation Adjustments for 2025
ERISA-covered benefits such as health flexible spending plans to get moderate increases.
ERISA Industry Committee Seeks Additional IRS Guidance on Student Loan Matching
Following guidance released this summer by the IRS about SECURE 2.0’s student loan matching provision, the advocacy organization still has...
Many Taxpayers Dodged Penalty Tax for Early Retirement Withdrawals
The Treasury Department’s inspector general found that about 3.1 million taxpayers who took early retirement distributions did not pay the...
IRS Provides Tax Relief for Those Impacted by Hurricane Helene
Individuals and businesses in several states hit by the disaster received extended deadlines for filing tax returns and payments.
IRS Reminds Plan Sponsors of Plan Amendment Deadlines
The IRS ‘grab bag’ notice provides several extended deadlines for both required and discretionary retirement plan amendments.
IRS Private Letter Ruling Allows Employer to Increase Plan Design Flexibility
Under the ruling, participants are able to elect where they would like the employer’s nonelective contributions to be allocated, including...
Is It a Good Time to Consider a Student-Loan Repayment Match?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Educational Assistance Programs Can Be Used to Help Repay Student Loans
Employees whose employers offer educational assistance programs can use them to help pay student loan obligations until at least December...
IRS Forms Public-Private Committee to Combat Tax Fraud
The new coalition, an offshoot of the IRS’s Security Summit group, will work to reduce tax scams during the 2025...
Plan Distribution Options Can Help Participants Recover From Disasters Like Debby
With the tropical storm causing extensive damage to homes and neighborhoods in the eastern US, plan participants can take out...
IRS Proposes Regulations for Changes to SECURE 2.0 RMDs
The changes apply to annuities, Roth sources and spousal beneficiaries.