Disaster Relief Available Through Retirement Plans and IRAs
The SECURE 2.0 Act of 2022 (SECURE 2.0), enacted on Dec. 29, 2022, amended the Internal Revenue Code to provide for special rules for distributions from retirement plans and IRAs and for retirement plan loans, for certain individuals impacted by federally declared major disasters occurring on or after Jan. 26, 2021. Prior to the changes […]