IRS Releases Final Rule on Roth Catch-Ups

The rules, originally set to take effect in 2024, apply to “those who had more than $145,000 (indexed) of prior-year W-2 wages from the employer,” IRA and tax expert Ed Slott of Ed Slott & Co. told ThinkAdvisor Tuesday. “If the plan does not allow Roth contributions (although most do), then these highly paid employees cannot make any catch-up contributions — pre-tax or Roth.”