IRS Announces Delay for High Earners’ Catch-Up Contributions to Roth Accounts Until 2026; Consider Starting Now
In a recent development, the Internal Revenue Service (IRS) has revealed that individuals with high incomes will be granted an extension until 2026 to make catch-up contributions into Roth accounts, as outlined in the Secure 2.0 bill enacted at the close of 2022. The delay aims to allow ample time for the resolution of intricate…