The IRS has issued question-and-answer guidance on the recent changes to the Code by the Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART Act). This Act’s changes enhance 401(k) and other benefits for military personnel in qualified military service.
The guidance consists of 20 questions and answers. Some of the areas the Q&As cover are:
Those with plans covering employees on active military duty should review these Q&As very carefully because they make clear some areas that have been gray before.
Click here for a copy of Notice 2010-15: Miscellaneous HEART Act Changes
