IRS Releases Guidance on Matching Contributions for Student Loan Payments

By Kevin Spencer, Evan Walters and Sama Kaseer on October 1, 2024

Posted In Employee Benefits, Retirement Plans

Last month, the Internal Revenue Service (IRS) released long-awaited guidance on matching contributions for qualified student loan payments under § 401(k) of the Internal Revenue Code and other similar retirement plans. This guidance aims to help plan sponsors with setting up these programs for plan years beginning after December 31, 2024, until proposed regulations are issued.

Learn more and see other updates in this Weekly IRS Roundup.

Tags: 401(k), Internal Revenue Code, Internal Revenue Service, IRS, matching contributions, plan sponsors, qualified student loan payments, Retirement Plans

Kevin Spencer
Kevin Spencer focuses his practice on tax controversy issues. Kevin represents clients in complicated tax disputes in court and before the Internal Revenue Service (IRS) at the IRS Appeals and Examination divisions. In addition to his tax controversy practice, Kevin has broad experience advising clients on various tax issues, including tax accounting, employment and reasonable compensation, civil and criminal tax penalties, IRS procedures, reportable transactions and tax shelters, renewable energy, state and local tax, and private client matters. After earning his Master of Tax degree, Kevin had the privilege to clerk for the Honorable Robert P. Ruwe on the US Tax Court. Read Kevin Spencer's full bio.

Evan Walters
Evan Walters focuses his practice on US and international taxation. He has experience across a wide range of issues involving corporate and partnership taxation. Read Evan Walters' full bio.

Sama Kaseer
Sama Kaseer focuses her practice on US and international tax matters. Sama’s practice includes advising corporate and private clients on domestic and cross-border transactions. Read Sama Kaseer's full bio.

IRS Releases Guidance on Matching Contributions for Student Loan Payments

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