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- Title
SECURE 2.0 and Individual Taxpayers: The SECURE 2.0 Act of 2022 introduces and modifies tax laws for taxpayers to encourage increased retirement investment.
- Authors
Rege, Yamini; Curatola, Anthony P.
- Abstract
The article discusses retirement tax modifications in the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act of 2022 as of September 2023. Topics covered include a 50% tax credit in the saver's match tax provision, a new higher catch-up option for certain taxpayers, and the age increase in required minimum distributions (RMD). Also noted is the limit increase in the qualified longevity annuity contract (QLAC).
- Subjects
INDIVIDUAL retirement accounts; TAX laws; RETIREMENT investments; INCOME tax; MEDICARE Part B; TAX credits
- Publication
Strategic Finance, 2023, Vol 105, Issue 3, p18
- ISSN
1524-833X
- Publication type
Article