IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
IRS Issues Rollover Relief for Maryland Prepaid 529 Plan
By Melanie WaddellSome transfers from the plan, which had accounting issues, to another plan can be excluded from gross income.
January 12, 2024
IRS Releases Secure 2.0 Emergency Savings Account GuidanceThe guidance helps employers implement pension-linked emergency savings accounts.
January 08, 2024
Buyers Can Get Up-Front Electric Vehicle Rebates in 2024The new approach does away with having to wait until the following year to claim a tax benefit.
January 08, 2024
Tax Filing Season Starts Jan. 29The IRS expects more than 128.7 million individual tax returns to be filed by the April 15 deadline.
January 08, 2024
Social Security Gets 2024 Wage Base BoostMore than $8,000 in additional wages are subject to the Social Security tax in 2024.
January 04, 2024
IRS Clarifies Secure 2.0 RulesThe Q&A guidance addresses Roth contributions, auto-enrollment and terminal illness distributions.
December 20, 2023
RMDs: Everything Advisors Need to Tell Clients NowThe IRS explains who must take RMDs, distributions from inherited IRAs and other recent changes.
December 19, 2023
Ed Slott: 8 Top Retirement, Tax Priorities for Advisors in 2024The IRA expert highlights what to focus on when it comes to existing and looming retirement-related rules.