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[Official Guidance]
IRS Fact Sheet 2024-29: SECURE 2.0 Act Impacts How Businesses Complete Forms W-2 (PDF)
"The [IRS] reminds businesses that starting in tax year 2023 changes under the SECURE 2.0 Act may affect the amounts they need to report on their Forms W-2.... The provisions potentially affecting Forms W-2 (including Forms W-2AS, W-2GU and W-2VI)
are: [1] De minimis financial incentives (Section 113 of the SECURE 2.0 Act), [2] Roth Savings Incentive Match Plan for Employees (SIMPLE) and Roth Simplified Employee Pension (SEP) Individual Retirement Arrangements (IRAs) (Section 601 of the SECURE 2.0 Act), and
[3] Optional treatment of employer nonelective or matching contributions as Roth contributions (Section 604 of the SECURE 2.0 Act)." MORE >>
Internal Revenue Service [IRS]
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BenefitsLink® Retirement Plans Newsletter, ISSN no. 1536-9587.
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