What SECURE Act 2.0 Means for Tax Professionals New york, North Jennings

This session highlights the tax and non-tax provisions of the SECURE 2.0 Act of 2023. Although many of the provisions are not effective until after December 31, 2024, some are effective upon enactment of the legislation. For example, the 50 percent excise tax for failing to take an RMD is reduced to 25 percent and the RMD age increases to 73 in 2023. Thus, clients are going to hear a lot about the new legislation from the media and are going to expect you to be up on the issues.