SECURE ACT 2.0 Update: What was changed and what was added?
Steven J. Musmanno will be speaking at the NCCPAP Accounting and Tax Symposium (ATS) co-sponsored by the Nassau/Suffolk Chapter of the National Conference of CPA Practitioners (NCCPAP) and the Internal Revenue Service. The 22nd annual LITPS conference will be held November 20, 21, 22, 2024 at the Crest Hollow Country Club in Woodbury, NY. Hope to see you there! This program will review forty changes and additional provisions of SECURE 2.0, some of which are mandatory and some of which are at the discretion of the plan sponsor. We will provide effective dates, and, where appropriate, examples to illustrate the change. Part I will focus on compliance and new contribution provisions including the new requirement for paper statements, family attribution, the new Saver’s match and student loan repayment match and many others. Part II will focus on plan design, distributions, tax credits and several miscellaneous minor changes.
