Aug 25, 2023 · WASHINGTON — Today, the Internal Revenue Service announced an administrative transition period that extends until 2026 the new requirement that any catch-up contributions made by higher‑income participants in 401 (k) and similar retirement plans must be designated as after-tax Roth contributions.

IR-2025-07, Jan. 10, 2025 — The Department of the Treasury and the Internal Revenue Service issued proposed regulations today addressing several SECURE 2.0 Act provisions relating to catch-up contributions, which are additional contributions under a 401(k) or similar workplace retirement plan that generally are allowed with respect to ...

Feb 19, 2025 · In addition, Section 109 of SECURE 2.0 amended Section 414(v) effective for plan years beginning after December 31, 2024 to permit employees who are ages 61 to 63 at any point in the year, to make even larger catch-up contributions equal to the greater of $10,000 (indexed to $11,250 in 2025) or 150 percent of the regular catch-up amount.

Feb 4, 2025 · Starting in 2026, catch up contributions made by eligible plan participants of 401 (k), 403 (b) and governmental 457 (b) plans that are aged 50 or older, and that had prior year wages in excess of $145,000 (adjusted for inflation), are required to be designated as Roth contributions.

SECURE 2.0 Act that catch-up contributions made on behalf of certain eligible participants be designated as Roth contributions. The Department of the Treasury

6 days ago · It could take up to a year for this to occur, so we likely won't see full implementation of the Social Security Fairness Act's changes until early 2026. 2. Social Security benefit tax elimination

On January 10, 2025, the IRS issued proposed regulations regarding the planned restriction of catch-up contributions to Roth accounts beginning in 2026 for certain individuals. It also released notice of proposed auto-enrollment requirements under the SECURE 2.0 Act.

Jan 13, 2025 · The Department of the Treasury and the Internal Revenue Service Friday issued proposed regulations for several provisions of the SECURE 2.0 Act of 2022. The first proposed regulations address the rules for new Roth catch-up contributions, beginning in 2026, as well as other catch-up contributions across different defined contribution plan types.

Nov 25, 2024 · Once participants turn 64, their catch-up contribution limit will return to the standard limit for those ages 50 and up. The changes in the limits for catch-up contributions stem from the SECURE 2.0 Act, which Congress passed in 2022.

Aug 28, 2023 · Currently, "catch-up contributions" allow savers 50 and older to funnel an extra $7,500 into 401 (k) plans and other retirement plans beyond the $22,500 employee deferral …