IRA contributions by care givers
Are tax-exempt difficulty of care payments are treated as compensation for purposes of calculating contribution limits to IRA’s and other qualified plans?
Are tax-exempt difficulty of care payments are treated as compensation for purposes of calculating contribution limits to IRA’s and other qualified plans?
Permalink Submitted by Alan - IRA critic on Fri, 2021-04-23 15:19
Yes, per Sec 116 of the Secure Act.