Changes to the Form 5498 instructions for participant, box 11, to reflect reduction in excise tax on certain accumulations in qualified retirement plans for tax years 2022 & 2023

 

알림: 역사 콘텐츠


본 문서는 기록 자료 또는 역사 자료로서 현행 법이나 정책, 절차>를 반영하고 있지 않을 수 있습니다.

In the Instructions for Participant, box 11 text is being updated to reflect percentage changes on certain accumulations in qualified retirement plans per Section 302 of SECURE 2.0 of 2022.

Instructions for Participant, box 11:

SECURE 2.0 has reduced the excise tax on the amount not distributed. For more information on this excise tax, see Pub. 590-B.