qbteachmt
Level 15
02-26-2025
04:20 PM
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There is a First Year Retroactive provision:
SECURE 2.0 legislation added a benefit for sole proprietors establishing a 401(k) plan. Specifically, a new 401(k) plan can be adopted in 2025 and contributions can be counted as 401(k) deferrals for the 2024 year.
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers