On August 19, 2024, the IRS released Notice 2024-63, providing guidance in the form of Q&As regarding employer matching contributions for “qualified student loan payments” (QSLPS) made by employees participating …
On July 19, 2004, the IRS released final regulations on required minimum distributions (“RMDs”) that address changes to the RMD rules made by the Setting Every Community Up for Retirement …
On June 20, 2024, the IRS issued Notice 2024-55 addressing exceptions to the 10 percent additional tax for early withdrawals in the case of (1) “Emergency Personal Expense Distributions” (EPEDs), …
On May 3, 2024, the IRS issued guidance in the form of “frequently asked questions” (FAQs) on disaster relief distributions and expanded loans under qualified retirement plans, including 401(k) plans, …
We previously reported that the IRS has also released guidance on Pension-Linked Emergency Savings Accoungs (PLESAs). See this blog for more information, along with a general description of PLESAs. On …
