SIMPLE IRA Contribution options in 2020

Submitted by Amanda Minter on Tue, 2020-04-14 22:24

What options, if any, does an employer have on SIMPLE IRA contributions in regards to COVID 19. I believe they must make matching contributions or nonelective contributions by the due date (including extensions) of their federal income tax return for the year. Are there any options thru the CARES Act regarding changing contribution method for the year?



Submitted by Alan - IRA critic on Wed, 2020-04-15 01:48

No. The only change is the due date is now 7/15, but the due date with extension remains 10/15.



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