SIMPLE IRA – Secure Act. 2.0/ S Corp S/H
The increased SIMPLE IRA contribution limits from Secure 2.0 for small employers do not affect an S Corp shareholder? I do not see any reason they would be treated differently than an employee and allowed the increased contribution, do others agree with this?
Permalink Submitted by Alan - IRA critic on Tue, 2024-01-30 03:29
Both SIMPLE IRA contribution increases effective this year are optional for employers, but if adopted would apply to S Corp shareholders and other employees.