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The SECURE 2.0 Act made changes to the tax code that, if permitted by your employer, allow you to elect to make your SIMPLE IRA contributions to a SIMPLE Roth IRA instead of making elective deferrals to a traditional SIMPLE IRA. You apparently have not made such an election.
The SECURE 2.0 Act made changes to the tax code that, if permitted by your employer, allow you to elect to make your SIMPLE IRA contributions to a SIMPLE Roth IRA instead of making elective deferrals to a traditional SIMPLE IRA. You apparently have not made such an election.
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