The House has passed the Secure 2.0 Bill, which increases the minimum distribution age to 75. This allows taxpayers additional time for compounding retirement accounts.
Clifton Larson Allen’s Paul Neiffer spoke with RFD-TV’s own Janet Adkison about the key details in the bill, if it is good news for farmers and if it will likely pass the Senate.
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Related:
Ag CPA offers tax filing tweaks
Farmer Tax Due Date Causing Issues for Farmers
University of Nebraska offers retirement planning advice
Farmers need to keep “earning tests” in mind when preparing for retirement