This program provides an explanation of the Secure Act 2.0 tax provisions impacting both individuals and business taxpayers.
Learning Objectives
- Identify and recall key compliance issues and significant changes in retirement provisions.
Major Topics
- Expanding Automatic Enrollment in Retirement Plans
- Increased Age for RMDs
- Higher Catch-up Contribution Limit
- Emergency Expense Penalty-Free Withdrawals
- “Starter” 401(k)s for Certain Employers
- Part-time Worker Improved Coverage
- Excise Tax Reduction for Certain Retirement Plan Accumulations
- Employee Plan Conflict Resolution Expansion
- Retroactive First Year Elective Deferrals For Sole Proprietors
- Change in Plan Requirements for Unrollees
- Surviving Spouse Election
- Reduced Tax on Excess Contributions
- Timely Plan Amendment Changes
- Elective Deferral Changes
- Employer Match as Roth Contribution
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