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Retirement tax questions
Recent changes to the tax code now allow SIMPLE-IRA contributions to be either traditional or Roth. If your SIMPLE-IRA contributions from your pay were traditional, enter $0 as the instructions indicate. Unless your employee's SIMPLE-IRA plan has been modified to allow Roth contributions and you explicitly requested the contributions to be Roth, they are traditional.
‎February 12, 2024
6:02 AM