Blog posts from: 2023
Tax-free rollover from 529 plans to Roth IRAs will be allowed starting in 2024
In December 2022, Congress passed an extensive spending bill that includes the highly anticipated retirement legislation known as SECURE Act 2.0. Among the provisions of SECURE Act 2.0 is the introduction, starting in 2024, of a new option allowing certain...
Reporting delay for thresholds for third party payment platforms
The IRS has announced a delay in the implementation of lower reporting thresholds for third-party settlement organizations (TPSOs), originally set to begin for the 2022 tax year. This means TPSOs are not required to report transactions below $600 on Form...
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