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IRS' New Roth Catch-Up Contribution Guidance: The Details
Expert Opinion January 22, 2025 at 06:01 PM
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What You Need To Know
- The new guidance clarifies which income is counted under the $145,000 threshold and how plans can correct mistakes.
- Only FICA wages from the employer are counted in determining whether the employee is subject to the Roth catch-up requirement.
- The new proposed regulations are deemed to apply for contributions in tax years that begin six months after the final regulations are published.
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