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August 3, 2022
2022-1178

IRS extends certain deadlines for amending retirement plans and IRAs

In Notice 2022-33, the IRS extends the deadlines for amending a retirement plan or individual retirement arrangement (IRA) to reflect changes made in certain legislation enacted in 2019 and 2020, including the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The notice extends to December 31, 2025, the amendment deadline for (1) a qualified retirement plan or IRC Section 403(b) plan that is not a governmental plan or (2) an IRA. Later deadlines apply for governmental retirement plans, including those under IRC Section 457(b).

 

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