The world is always changing, and new opportunities for tax savings arise constantly. Here are some of the latest updates and publications that may affect your giving:
As part of a larger government spending package signed into law on December 20, 2019, Congress included provisions from the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The act includes reforms that could make saving for retirement easier and more accessible for many Americans.
The legislation reflects policy changes to defined contribution plans (such as 401(k)s), defined benefit pension plans, individual retirement accounts (IRAs) and 529 college savings accounts. Most provisions in the law went into effect on January 1, 2020.
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