Beginning in June 2023, the IRS will allow 403(b) plans to apply for determination and termination letters, similar to 401(a) plans. Starting in June 2023, the IRS will permit sponsors of individually ...

On October 21 st, the IRS announced changes to its qualified plan determination letter program. Most notably, the program has been expanded to include section 403(b) tax-sheltered annuity plans ...

Seyfarth Synopsis: In November 2022, the Internal Revenue Service (IRS) announced in Revenue Procedure 2022-40 an expansion to its Determination Letter Program which for the first time will permit ...

A 403(b) plan, also called a tax-sheltered annuity plan, is a retirement plan for certain employees of public schools, employees of certain Section 501(c)(3) tax-exempt organizations and certain ...

These 403(b) catch-up rules could add thousands to your retirement funds.

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The Internal Revenue Service announced on Friday that it will allow contributions of up to $23,500 for 401(k) plans in 2025, up from this year’s limit of $23,000. The same $23,500 limit will be in ...

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The Internal Revenue Service issued new rules on Thursday that will radically reshape 403(b) retirement plans, which are most commonly offered at schools, colleges, and other nonprofit organizations.

Do you work for a nonprofit or tax-exempt organization? In that case, you’re probably driven by your desire to help others. But, who’s going to take care of you when it’s time to retire? Unlike your ...

The Internal Revenue Service and the Treasury Department are expanding one of their programs for more efficiently approving retirement plans to cover 403(b) plans. Processing Content The IRS will now ...