Regulatory & Compliance | 01.27.26

IRS Extends Secure 2.0 Act Amendment Deadline for IRAs

by: Melanie Waddell

The Internal Revenue Service (IRS) has extended the deadline to amend IRA, SEP and SIMPLE IRA documents to Dec. 31, 2027, giving custodians more time to incorporate changes from Secure, Secure 2.0, the CARES Act and other tax laws. The relief affects documentation only and does not delay operational compliance, which must follow current law as provisions take effect. Updates include higher required minimum distribution (RMD) ages, waived RMDs for certain beneficiaries, expanded charitable distribution reporting and higher catch-up contributions. Advisors are urged to ensure plans are administered correctly while monitoring forthcoming IRS model language, as further deadline extensions remain possible.

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