Disaster Assistance May Be Available for Maine Severe Storms
The Federal Emergency Management Agency issued a disaster declaration on March 20, 2024, for Maine severe storms and flooding.
Disaster Assistance May Be Available for Rhode Island Severe Storms
The Federal Emergency Management Agency issued disaster declaration 4765 and 4766 on March 20, 2024, for Rhode Island severe storms and flooding.
SECURE 2.0 Expands Roth Options for Employer-Sponsored Retirement Plans
The SECURE 2.0 Act contains provisions that allow individuals to place more of their assets into Roth accounts.
SECURE 2.0 Permits De Minimis Financial Incentives
For plan years beginning after December 29, 2022, employers that sponsor 401(k) or 403(b) plans may offer employees a “de minimis” financial incentive, such as a gift card, as long as the cost of the incentive is paid by the employer and not paid from plan assets.
Disaster Assistance May Be Available for Alaska Severe Storm
The Federal Emergency Management Agency issued a disaster declaration on March 15, 2024, for Alaska severe storm, landslides, and mudslides.
DOL Final Rule on QPAM Exemptions Has Left OMB
A final rule titled, “Proposed Amendment to PTE 84-14 for Plan Asset Transactions Determined by an Independent Qualified Plan Asset Manager,” has left the Office of Management and Budget.
IRS Announces Applicable Federal Rates for April
The IRS has issued Revenue Ruling 2024-07, which contains the applicable federal rates (AFR) for April 2024.
Disaster Assistance May Be Available for Vermont Severe Storms and Flooding
The Federal Emergency Management Agency issued a disaster declaration on March 2, 2024, for Vermont R1 severe storms and flooding.
IRS Announces Deadline Relief for Spokane Area Wildfires
The IRS has announced the postponement of certain tax-related deadlines for victims of wildfires in the Spokane, Washington, area.
Disaster Assistance May Be Available for New Hampshire Severe Storm
The Federal Emergency Management Agency issued a disaster declaration on February 27, 2024, for New Hampshire severe storm and flooding.
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