Are You Feeling Secure Now? Secure ACT 2.0 is here and we're even more Secure....
In December 2022, Congress passed the Consolidated Appropriations Act of 2023, which included a package of retirement measures popularly known as “SECURE 2.0.” This guide outlines key SECURE 2.0 provisions related to retirement plans, including the plan type(s) the provision affects and the respective effective dates.
In March of 2022, Iowa Governor Reynolds signed into law a historic tax law bill. Beginning in Tax Year 2023, the tax liability for nearly 295,000 Iowa taxpayers will be eliminated under the retirement provision of this new tax law.
On May 4th of 2023, she signed into law a $100 million property tax relief bill. In addition to other limits, part of the bill imposed a $6,500 homestead property tax exemption for Iowa seniors.