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Still Waiting for IRS Guidance on IRA Self-Correction Program

In the 2022 SECURE 2.0 legislation, Congress gave the IRS two years – until December 29, 2024 – to come up with rules allowing IRA owners to fix certain mistakes through self-correction. Alas, December 29, 2024 has now come and gone, and we’re still waiting for those rules.

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Please contact Matt Smith at [email protected] or (516) 536-8282 with any questions.