https://ttlc.intuit.com/community/retirement/discussion/secure-2-0-act-simple-vs-roth-ira-contributions-issue/01/2952955#M193953 <P>I participate in my employer's Simple IRA retirement plan and also contribute to my own Roth IRA.&nbsp; The Secure 2.0 Act seems to have created an issue with the allowable contributions.&nbsp; Per the Edward Jones website, for 2023, "the amount a SEP or SIMPLE participant can contribute to a Roth IRA in a given tax year is reduced by the amount of SEP and SIMPLE contributions made in that tax year...."&nbsp; Accordingly, the Secure 2.0 Act appears to create offsetting contributions--that is, whatever I contribute to my SIMPLE IRA reduces what I can contribute to my Roth IRA--either/or but not both.&nbsp; Edward Jones says this change was "likely unintended" but is nonetheless effective for 2023 unless the Secure 2.0 Act is clarified or amended.&nbsp; Does anyone have further information on this or know if the IRS is looking at this?&nbsp; &nbsp;TurboTax software will have to deal with this for 2023 returns.</P> Mon, 23 Feb 2026 23:53:11 GMT ernie242 2026-02-23T23:53:11Z https://ttlc.intuit.com/community/retirement/discussion/secure-2-0-act-simple-vs-roth-ira-contributions-issue/01/2952955#M193953 <P>I participate in my employer's Simple IRA retirement plan and also contribute to my own Roth IRA.&nbsp; The Secure 2.0 Act seems to have created an issue with the allowable contributions.&nbsp; Per the Edward Jones website, for 2023, "the amount a SEP or SIMPLE participant can contribute to a Roth IRA in a given tax year is reduced by the amount of SEP and SIMPLE contributions made in that tax year...."&nbsp; Accordingly, the Secure 2.0 Act appears to create offsetting contributions--that is, whatever I contribute to my SIMPLE IRA reduces what I can contribute to my Roth IRA--either/or but not both.&nbsp; Edward Jones says this change was "likely unintended" but is nonetheless effective for 2023 unless the Secure 2.0 Act is clarified or amended.&nbsp; Does anyone have further information on this or know if the IRS is looking at this?&nbsp; &nbsp;TurboTax software will have to deal with this for 2023 returns.</P> Mon, 23 Feb 2026 23:53:11 GMT https://ttlc.intuit.com/community/retirement/discussion/secure-2-0-act-simple-vs-roth-ira-contributions-issue/01/2952955#M193953 ernie242 2026-02-23T23:53:11Z