IRS Issue Snapshot: Catch-Up Contributions in 403(b) Plans (IRC §403)

Catch-up contributions under a tax code Section 403(b) plan discussed in IRS issue snapshot released May 6. The IRS provides guidance and resources on special rules including the age 50 catch up and the special 403(b) catch up allowed to be offered for qualified organizations. Organizations that offer both must use the 403(b) rule first in determining an employee’s annual limit. The IRS identifies audit tips. [IRS Issue Snapshot: 403(b) Plans - Catch-Up Contributions]

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