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IRS Releases Guidance on Matching Contributions for Student Loan Payments

By NAIFA on 9/16/24 3:32 PM

On August 19, the Internal Revenue Service (IRS) released new guidance, Notice 2024-63, that explains how employers can treat their employees’ student loan payments as retirement plan deferrals, and match them under the employer match terms of their retirement plans. The guidance implements the provision in SECURE 2.0 which Congress enacted into law last year.

Topics: Retirement Plans IRS SECURE 2.0 Student Loan Payments

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