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cunasjes
New Member

turbe taxx states "Simple Roth IRA Plan" but I have a Simple IRA. What is a Simple Roth IRA, is this a missprint?

 
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1 Reply
dmertz
Level 15

turbe taxx states "Simple Roth IRA Plan" but I have a Simple IRA. What is a Simple Roth IRA, is this a missprint?

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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