IRS Releases Guidance on Certain SECURE 2.0 Penalty Tax Exceptions
The IRS has issued Notice 2024-55, providing guidance on emergency personal expense distributions and domestic abuse victim distributions that are effective after December 31, 2023 under SECURE 2.0.
DOL Releases Interim Final Rule for Abandoned Plans
The Department of Labor has issued a regulatory package that includes an interim final rule that amends the regulations for abandoned plans that were initially created in 2006.
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