US EditionAICPA requests clarification on Roth catch-up contributions
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AICPA requests clarification on Roth catch-up contributions
The American Institute of CPAs (AICPA) is seeking further guidance on the implementation of Roth catch-up contributions as outlined in the SECURE 2.0 Act, 2022. This was outlined in a letter submitted to Department of the Treasury and Internal Revenue Service (IRS). The SECURE 2.0 Act introduced a mandate requiring certain employees to make catch-up contributions to employer-sponsored retirement plans as Roth contributions if their wages excee…
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