Categories
General

AICPA Requests IRS Guidance on SECURE 2.0 Act

The American Institute of CPAs (AICPA) has requested guidance from the IRS on several provisions of the SECURE 2.0 Act. One provision noted in an AICPA letter to the IRS involves matching contributions on student loan payments.

SECURE 2.0 aims to help employees who miss out on their employers’ matching retirement contributions because their student loan payments prevent them from making retirement contributions. The law allows them to receive matching contributions to retirement plans based on their qualified student loan payments. The AICPA asked whether the term “qualified student loan payment” includes loans paid for spouses and dependents.

Click the “Download” button below to read the AICPA letter.

Leave a Reply