irs

SECURE 2.0 May Impact How Businesses Complete Forms W-2

The IRS has released a fact sheet informing employers that adopting certain plan provisions will impact how certain amounts are reported on Form W-2, Wage and Tax Statement.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

IRA

IRS

IRS Guidance

SECURE 2.0

Retirement Plan Disaster Assistance May Be Available for New York Severe Storms

The Federal Emergency Management Agency issued a Major Disaster Declaration on August 29, 2024, for New York severe storms, tornadoes, and flooding.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

IRS

IRS Guidance

Retirement Plan Disaster Assistance May Be Available for Montana Straight-Line Winds

The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration on August 23, 2024.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

IRS

IRS Guidance

IRS Announces Deadline Relief for South Dakota Severe Storms

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, straight-line-winds, and flooding in South Dakota.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

IRA

Retirement Plan Disaster Assistance May Be Available for Disasters in Nebraska, New Hampshire, Kansas, Vermont, and New Mexico

The Federal Emergency Management Agency (FEMA) issued Major Disaster Declarations on August 20, 2024.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

IRS Issues Yield Curves and Segment Rates for DB Plan Calculations

The Internal Revenue Service has issued Notice 2024-62, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations. 

FuturePlan ERISA Team

Defined Benefit Plan

IRS

IRS Guidance

IRS Releases Guidance on Student Loan Matching Contributions

The IRS has issued Notice 2024-63 (Notice) providing guidance under Section 110 of SECURE 2.0 regarding employer matching contributions with respect to qualified student loan payments (QSLP). 

FuturePlan ERISA Team

Defined Contribution Plan

IRS

IRS Guidance

IRS Announces Applicable Federal Rates for September

The IRS has issued Revenue Ruling 2024-17 which contains the applicable federal rates (AFR) for September 2024. 

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

Defined Benefit Plan

IRA

Washington Pulse: IRS Releases Final RMD Regulations

The Internal Revenue Service (IRS) has released final regulations that revise existing rules that apply to required minimum distributions (RMDs).

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS

IRS Guidance

Washington Pulse

IRS Announces Deadline Relief for Minnesota Severe Storms

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms and flooding in Minnesota.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

Defined Contribution Plan

IRA

HSA

No Results