- NY Credits : 2.0
- TX Credits : 2.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 2.0
Signed into law December 20, 2019, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), is geared toward expanding opportunities for individuals to increase retirement savings while making simplifications to the retirement system. The Act makes several changes for individuals, including a repeal of the maximum age to contribute to an IRA and increases the minimum age for required minimum distributions. The Act also includes a number of provisions that impact employer plans, such as liberalizing rules for multiple employer retirement plans and increasing a credit for small employer pension startup costs. Beyond this, the legislation also includes legislation to repeal certain changes to the kiddie tax rules made by the Tax Cuts and Jobs Act that adversely impacted gold star families. This course is designed to provide an overview of the provisions of the SECURE Act for taxpayers and tax preparers.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
identify changes to the Internal Revenue Code enacted by the SECURE Act.