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The SECURE 2.0 Act ushered in a number of consequential changes designed to bolster the American retirement system, including an updated timeline for required minimum distributions (RMDs) and new ...
A new law increasing the age you must withdraw from your retirement accounts may come with some unexpected and expensive consequences. Retirement legislation President Biden inked in December ...
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry ...
Passed the House on November 19, 2021 ( 220–213) The Build Back Better Act was a bill introduced in the 117th Congress to fulfill aspects of President Joe Biden 's Build Back Better Plan. It was spun off from the American Jobs Plan, alongside the Infrastructure Investment and Jobs Act, as a $3.5 trillion Democratic reconciliation package that ...
An Act to reform the internal revenue laws of the United States. The Tax Reform Act of 1986 (TRA) was passed by the 99th United States Congress and signed into law by President Ronald Reagan on October 22, 1986. The Tax Reform Act of 1986 was the top domestic priority of President Reagan's second term. The act lowered federal income tax rates ...
President Biden promotes his Build Back Better Plan at Germanna Community College, Virginia, on February 10, 2022. The Build Back Better Plan or Build Back Better agenda was a legislative framework proposed by U.S. president Joe Biden between 2020 and 2021. Generally viewed as ambitious in size and scope, it sought the largest nationwide public ...
Starting in 2025, taxpayers ages 60 and 63 years old can qualify for catch-up contributions on 401(k) as high as $10,000 — or 50% more than the normal catch-up contribution limit.
Reported by the joint conference committee on December 6, 2023; agreed to by the Senate on December 13, 2023 ( 87-13) and by the House on December 14, 2023 ( 310-118) Signed into law by President Joe Biden on December 22, 2023. The National Defense Authorization Act for Fiscal Year 2024 (NDAA 2024) is a United States federal law which specifies ...