IRS Releases Guidance on Inadvertent Benefit Overpayments under SECURE 2.0

The Internal Revenue Service has released Notice 2024-77, Guidance Under Sections 414(aa) and 402(c)(12) of the Internal Revenue Code with Respect to Inadvertent Benefit Overpayments. The notice provides interim guidance on the special rules applicable to benefit overpayments and rollovers of such inadvertent benefit payments added to Internal Revenue Code (IRC) Sections 414 and 402(c) by Section 301(b) of SECURE 2.0.

The IRS is soliciting comments on the content of this Notice.