The IRS released guidance on Monday, Jan. 26, in Notice 2026-9 that extends the deadline for amending individual retirement arrangements (IRAs), simplified employee pension (SEP) arrangements and SIMPLE IRA plans to comply with the SECURE 2.0 Act of 2022.
The guidance extends the deadline by one year to at least Dec. 31, 2027, because the IRS is still developing model language that IRA trustees, custodians and issuers can use to amend an IRA for compliance with SECURE 2.0 and earlier laws.
The new deadline covers the following documents: the written governing instrument for an IRA under Sec. 408(a) or (h); the contract issued by an insurance company with respect to an IRA that is an individual retirement annuity under Sec. 408(b); an employer’s SEP arrangement under Sec. 408(k); or (4) an employer’s SIMPLE IRA plan under Sec. 408(p). Read more.