Internal Revenue Bulletin 2026-35 (PDF rendition): IRS Revenue Rulings

Preserve advance releases and the authoritative Internal Revenue Bulletin rendition; directory timestamps are file-publication metadata, not legal effective dates. HTML bulletins begin June 2003; earlier available issues require full PDF parsing. Whole bulletin rendition: numbered items are identified below; other legal material and publisher context remain included. This is not a new standalone advance release.

Bulletin No. 2026–35
August 24, 2026
HIGHLIGHTS
OF THIS ISSUE
These synopses are intended only as aids to the reader in
identifying the subject matter covered. They may not be
relied upon as authoritative interpretations.
INCOME TAX
Notice 2026-46, page 182.
This notice provides the inflation adjustment factor for the
section 43 enhanced oil recovery credit taxable years begin-
ning in calendar year 2026. The inflation adjustment factor
is used for determining the phase-out amount, if any, of the
credit. The inflation adjustment factor is a fraction where the
numerator is the GNP implicit price deflator for the preceding
calendar year and the denominator is the GNP implicit price
deflator for 1990. Section 43(b)(1) phases out the credit by
an amount which bears the same ratio to the credit as the
amount by which the reference price for the preceding cal-
endar year exceeds the inflation adjusted $28, bears to $6.
The Section 43 credit is partially phased out for the 2026
calendar year.
ESTATE TAX
Rev. Rul. 2026-14, page 181.
Special Use Value: Farms: Interest Rates.
The 2026 interest rates to be used in computing the spe-
cial use value of farm real property for which an election is
made under section 2032A of the Code are listed for estate
of decedents.
EMPLOYEE PLANS
Announcement 2026-15, page 214.
This announcement notifies the public that the IRS intends
to issue opinion letters on August 31, 2026, or as soon as
possible thereafter, for defined contribution qualified pre-ap-
proved plans that were updated for changes in plan qualifica-
tion requirements listed in the 2023 Cumulative List and that
were filed with the IRS during the fourth remedial amendment
cycle (Cycle 4) under the remedial amendment cycle system
for pre-approved plans. This announcement also provides a
deadline for when an employer intending to maintain a Cycle
4 defined contribution qualified pre-approved plan must adopt
that plan, and sets forth the period during which the IRS will
accept an application for an individual determination letter
from an adopting employer of a Cycle 4 defined contribution
qualified pre-approved plan that is eligible to submit a deter-
mination letter request.
Notice 2026-48, page 185.
This notice informs taxpayers that the Treasury Depart-
ment and the IRS intend to propose regulations providing
guidance under section 6433 of the Internal Revenue Code
with respect to Saver’s Match contributions. In addition, this
notice discusses Executive Order 14403 and its interaction
with Saver’s Match contributions. It addresses certain ques-
tions related to Saver’s Match contributions that the Trea-
sury Department and the IRS intend to address in those pro-
posed regulations. It also contains a request for comments
regarding Saver’s Match contributions, including whether the
methods for claiming and paying Saver’s Match contributions
that are under consideration should be simplified or revised
to ease the burden of implementing Saver’s Match contribu-
tions.
Notice 2026-49, page 199.
This notice provides guidance in accordance with section
324 of the SECURE 2.0 Act of 2022. The notice applies to
rollovers between retirement plans and individual retirement
accounts (IRAs), but not to IRA-to-IRA transfers. Section II of
this notice sets forth general background information on the
Finding Lists begin on page ii.

rollover process. In section III of this notice, the Department
of the Treasury (Treasury Department) and the Internal Rev-
enue Service (IRS) propose a series of sample forms and
proposed rollover procedures, attached as an Appendix to
this Notice, intended to comply with section 324. Section IV
of this notice sets forth additional guidance under consider-
ation by the Treasury Department and the IRS. Section V of
this notice provides instructions on how to submit comments
on this notice and any other aspect of section 324.
Rev. Proc. 2026-30, page 212.
This revenue procedure updates the application procedures
in Rev. Proc. 2026-4 for requesting letter rulings and nonbank
trustee approval letters issued by the IRS Tax Exempt and
Government Entities Division, Employee Plans Rulings and
Agreements Office. The modifications to Rev. Proc. 2026-4
will streamline these application procedures by requiring that
applications be submitted electronically, rather than by mail
or hand delivery, on pay.gov using Form 15662.

The IRS Mission
Provide America’s taxpayers top-quality service by helping
them understand and meet their tax responsibilities and
enforce the law with integrity and fairness to all.
Introduction
The Internal Revenue Bulletin is the authoritative instrument
of the Commissioner of Internal Revenue for announcing offi-
cial rulings and procedures of the Internal Revenue Service
and for publishing Treasury Decisions, Executive Orders, Tax
Conventions, legislation, court decisions, and other items of
general interest. It is published weekly.
It is the policy of the Service to publish in the Bulletin all sub-
stantive rulings necessary to promote a uniform application
of the tax laws, including all rulings that supersede, revoke,
modify, or amend any of those previously published in the
Bulletin. All published rulings apply retroactively unless other-
wise indicated. Procedures relating solely to matters of inter-
nal management are not published; however, statements of
internal practices and procedures that affect the rights and
duties of taxpayers are published.
Revenue rulings represent the conclusions of the Service
on the application of the law to the pivotal facts stated in
the revenue ruling. In those based on positions taken in rul-
ings to taxpayers or technical advice to Service field offices,
identifying details and information of a confidential nature are
deleted to prevent unwarranted invasions of privacy and to
comply with statutory requirements.
Rulings and procedures reported in the Bulletin do not have the
force and effect of Treasury Department Regulations, but they
may be used as precedents. Unpublished rulings will not be
relied on, used, or cited as precedents by Service personnel in
the disposition of other cases. In applying published rulings and
procedures, the effect of subsequent legislation, regulations,
court decisions, rulings, and procedures must be considered,
and Service personnel and others concerned are cautioned
against reaching the same conclusions in other cases unless
the facts and circumstances are substantially the same.
The Bulletin is divided into four parts as follows:
Part I.—1986 Code.
This part includes rulings and decisions based on provisions
of the Internal Revenue Code of 1986.
Part II.—Treaties and Tax Legislation.
This part is divided into two subparts as follows: Subpart A,
Tax Conventions and Other Related Items, and Subpart B,
Legislation and Related Committee Reports.
Part III.—Administrative, Procedural, and Miscellaneous.
To the extent practicable, pertinent cross references to these
subjects are contained in the other Parts and Subparts. Also
included in this part are Bank Secrecy Act Administrative
Rulings. Bank Secrecy Act Administrative Rulings are issued
by the Department of the Treasury’s Office of the Assistant
Secretary (Enforcement).
Part IV.—Items of General Interest.
This part includes notices of proposed rulemakings, disbar-
ment and suspension lists, and announcements.
The last Bulletin for each month includes a cumulative index
for the matters published during the preceding months. These
monthly indexes are cumulated on a semiannual basis, and are
published in the last Bulletin of each semiannual period.
The contents of this publication are not copyrighted and may be reprinted freely. A citation of the Internal Revenue Bulletin as the source would be appropriate.
August 24, 2026 Bulletin No. 2026–35

Part I
Section 2032A.—Valuation
of Certain Farm, Etc., Real
Property
26 CFR 20.2032A-4: Method of valuing farm real
property.
Rev. Rul. 2026-14
This revenue ruling contains a list of
the average annual effective interest rates
on new loans under the Farm Credit Sys-
tem. This revenue ruling also contains a
list of the states within each Farm Credit
System Bank Territory.
Under § 2032A(e)(7)(A)(ii) of the
Internal Revenue Code, rates on new
Farm Credit System Bank loans are
used in computing the special use
value of real property used as a farm
for which an election is made under
§ 2032A. The rates in Table 1 of this
revenue ruling may be used by estates
that value farmland under § 2032A as
of a date in 2026.
Average annual effective interest
rates, calculated in accordance with
§ 2032A(e)(7)(A) and § 20.2032A-4(e)
of the Estate Tax Regulations, to be used
under § 2032A(e)(7)(A)(ii), are set forth
in the accompanying Table of Interest
Rates (Table 1). The states within each
Farm Credit System Bank Territory are
set forth in the accompanying Table of
Farm Credit System Bank Territories
(Table 2).
Rev. Rul. 81-170, 1981-1 C.B. 454,
contains an illustrative computation of an
average annual effective interest rate. The
rates applicable for valuation in 2025 are
in Rev. Rul. 2025-16, 2025-35 I.R.B. 342.
For rate information for years prior to
2025, see Rev. Rul. 2024-16, 2024-35
I.R.B. 534, and other revenue rulings that
are referenced therein.
DRAFTING INFORMATION
The principal author of this revenue
ruling is Lane Damazo of the Office of the
Associate Chief Counsel (Passthroughs,
Trusts, and Estates). For further informa-
tion regarding this revenue ruling, contact
Lane Damazo at (202) 317-4628 (not a
toll-free call).
REV. RUL. 2026-14 TABLE 1
TABLE OF INTEREST RATES
(Year of Valuation 2026)
Farm Credit System Bank Servicing State in
Which Property is Located Rate
AgFirst, FCB . . . . . . . . . . . . . . . . . . . . . . . . . 6.88
AgriBank, FCB . . . . . . . . . . . . . . . . . . . . . . . . 6.47
CoBank, ACB . . . . . . . . . . . . . . . . . . . . . . . . . 6.41
Texas, FCB. . . . . . . . . . . . . . . . . . . . . . . . . . . 6.83
REV. RUL. 2026-14 TABLE 2
TABLE OF FARM CREDIT SYSTEM BANK TERRITORIES
Farm Credit System Bank . . . Location of Property
AgFirst, FCB. . . . . . . . . . Delaware, District of Columbia, Florida, Georgia,
Maryland, North Carolina, Pennsylvania, South Carolina,
Virginia, West Virginia.
AgriBank, FCB . . . . . . . . Arkansas, Illinois, Indiana, Iowa, Kentucky, Michigan,
Minnesota, Missouri, Nebraska, North Dakota, Ohio,
South Dakota, Tennessee, Wisconsin, Wyoming.
CoBank, ACB . . . . . . . . . Alaska, Arizona, California, Colorado, Connecticut,
Hawaii, Idaho, Kansas, Maine, Massachusetts, Montana,
New Hampshire, New Jersey, New Mexico, New York,
Nevada, Oklahoma, Oregon, Rhode Island, Utah,
Vermont, Washington.
Texas, FCB. . . . . . . . . . . Alabama, Louisiana, Mississippi, Texas.
Bulletin No. 2026–35 181 August 24, 2026

Part III
Enhanced Oil Recovery
Credit
2026 Section 43 Inflation
Adjustment
Notice 2026-46
Section 43(a) of the Internal Revenue
Code provides that for purposes of sec-
tion 38, the enhanced oil recovery credit
for any taxable year is an amount equal
to 15 percent of the taxpayer’s qualified
enhanced oil recovery costs (qualified
costs) for such taxable year.
Section 43(b)(1) provides that the
amount of the credit determined under
§ 43(a) for any taxable year shall be
reduced by an amount which bears the
same ratio to the amount of such credit
(determined without regard to this para-
graph) as — (A) the amount by which
the reference price for the calendar year
preceding the calendar year in which the
taxable year begins exceeds $28, bears to
(B) $6. The term reference price is defined
in § 43(b)(2) as, with respect to any cal-
endar year, the reference price determined
for such calendar year under § 45K(d)(2)
(C). Section 45K(d)(2)(C) provides that,
with respect to a calendar year, the ref-
erence price is the Secretary’s estimate
of the annual average wellhead price per
barrel for all domestic crude oil the price
of which is not subject to regulation by the
United States.
Section 43(b)(3)(A) provides that, for
taxable years beginning in a calendar year
after 1991, the $28 amount in § 43(b)(1)
(A) is adjusted for inflation by multiplying
that amount by the inflation adjustment
factor for that calendar year. Section 43(b)
(3)(B) defines the term inflation adjust-
ment factor as, with respect to any calen-
dar year, a fraction the numerator of which
is the GNP implicit price deflator for the
preceding calendar year and the denomi-
nator of which is the GNP implicit price
deflator for 1990. The term GNP implicit
price deflator means the first revision of
the implicit price deflator for the gross
national product, as computed and pub-
lished by the Secretary of Commerce.
For calendar year 2026, the GNP
implicit price deflator for the preceding cal-
endar year (2025) is 128.888 and the GNP
implicit price deflator for 1990 is 59.266,
yielding an inflation adjustment factor of
2.1747. Accordingly, the $28 amount in
§ 43(b)(1)(A) is adjusted to $60.892.
Based on data published by the United
States Energy Information Administra-
tion, domestic first purchase crude oil
prices averaged $63.40 per barrel in calen-
dar year 2025. Accordingly, the reference
price for calendar year 2025 is $63.40.
Because the reference price for calen-
dar year 2025 ($63.40) exceeds $60.892
by $2.508 (that is, an amount less than
$6), a portion of the enhanced oil recovery
credit for qualified costs paid or incurred
in 2026 is phased out using the following
ratio:
$63.40 – $60.892
x
=
$615%
where solving for x = 6.27%
Therefore, the enhanced oil recovery credit is an amount equal to 8.73% (15% – 6.27%) of qualified costs paid or incurred in 2026.
Table 1 contains the GNP implicit price deflator used for calendar year 2026, as well as the previously published GNP implicit price
deflators used for calendar years 1991 through 2025.
Notice 2026-46 TABLE 1
GNP IMPLICIT PRICE DEFLATORS
Calendar Year GNP Implicit Price Deflator
1990
112.9 (used for 1991)
1991117.0 (used for 1992)
1992120.9 (used for 1993)
1993124.1 (used for 1994)
1994126.0 (used for 1995)*
1995107.5 (used for 1996)
1996109.7 (used for 1997)**
1997112.35 (used for 1998)
1998112.64 (used for 1999)***
1999104.59 (used for 2000)
2000106.89 (used for 2001)
2001109.31 (used for 2002)
August 24, 2026 182 Bulletin No. 2026–35

Bulletin No. 2026–35 183 August 24, 2026
Notice 2026-46 TABLE 1
GNP IMPLICIT PRICE DEFLATORS
2002
110.63 (used for 2003)
2003105.67 (used for 2004)****
2004108.23 (used for 2005)
2005112.129 (used for 2006)
2006116.036 (used for 2007)
2007119.656 (used for 2008)
2008122.407 (used for 2009)
2009109.764 (used for 2010)*****
2010110.654 (used for 2011)
2011113.347 (used for 2012)******
2012115.387 (used for 2013)
2013106.710 (used for 2014)*******
2014108.407 (used for 2015)********
2015109.868 (used for 2016)
2016111.528 (used for 2017)
2017113.500 (used for 2018)
2018110.308 (used for 2019)*********
2019112.257 (used for 2020)
2020113.586 (used for 2021)
2021118.586 (used for 2022)**********
2022127.194 (used for 2023)
2023122.179 (used for 2024)***********
2024125.139 (used for 2025)
2025128.888 (used for 2026)
* Beginning in 1995, the GNP implicit price deflator was rebased relative to 1992. The 1990 GNP implicit price deflator used to
compute the 1996 § 43 inflation adjustment factor is 93.6.
** Beginning in 1997, two digits follow the decimal point in the GNP implicit price deflator. The 1990 GNP price deflator used to
compute the 1998 § 43 inflation adjustment factor is 93.63.
*** Beginning in 1999, the GNP implicit price deflator was rebased relative to 1996. The 1990 GNP implicit price deflator used to
compute the 2000 § 43 inflation adjustment factor is 86.53.
**** Beginning in 2003, the GNP implicit price deflator was rebased, and the 1990 GNP implicit price deflator used to compute the
2004 § 43 inflation adjustment factor is 81.589.
***** Beginning in 2009, the GNP implicit price deflator was rebased, and the 1990 GNP implicit price deflator used to compute the
2010 § 43 inflation adjustment factor is 72.199.
****** Beginning in 2011, the 1990 GNP implicit price deflator used to compute the 2012 § 43 inflation adjustment factor is 72.260.
******* Beginning in 2013, the GNP implicit price deflator was rebased, and the 1990 GNP implicit price deflator used to compute
the 2014 § 43 inflation adjustment factor is 66.803.
******** Beginning in 2014, the 1990 GNP implicit price deflator used to compute the 2015 § 43 inflation adjustment factor is
66.732.
********* Beginning in 2018, the 1990 GNP implicit price deflator used to compute the 2019 § 43 inflation adjustment factor is
63.637.
********** Beginning in 2021, the 1990 GNP implicit price deflator used to compute the 2022 § 43 inflation adjustment factor is
63.604.
*********** Beginning in 2023, the 1990 GNP implicit price deflator used to compute the 2024 § 43 inflation adjustment factor is
59.266.

August 24, 2026 184 Bulletin No. 2026–35
Table 2 contains the inflation adjustment factor and the phase-out amount for taxable years beginning in calendar year 2026 as well
as the previously published inflation adjustment factors and phase-out amounts for taxable years beginning in calendar years 1991
through 2025.
Notice 2026-46 TABLE 2
INFLATION ADJUSTMENT FACTORS AND PHASE-OUT AMOUNTS
Calendar Year Inflation Adjustment Factor Phase-out Amount
19911.00000
19921.03630
19931.07080
19941.09920
19951.11600
19961.14850
19971.17200
19981.19990
19991.20300
20001.20870
20011.23530
20021.26330
20031.27850
20041.29520
20051.32660
20061.3743100 percent
20071.4222100 percent
20081.4666100 percent
20091.5003100 percent
20101.5203100 percent
20111.5326100 percent
20121.5686100 percent
20131.5968100 percent
20141.5974100 percent
20151.6245100 percent
20161.64640
20171.67130
20181.70081.069 percent
20191.7334100 percent
20201.7640100 percent
20211.78490
20221.8607100 percent
20231.9998100 percent
20242.0615 100 percent
20252.1115 100 percent
20262.17476.27 percent
DRAFTING INFORMATION
The principal author of this notice
is Glenn Kats of the Office of Associate
Chief Counsel (Energy, Credits & Excise
Tax). For further information regarding
this notice, contact Mr. Kats at (202) 317-
3995 (not a toll-free call).

Bulletin No. 2026–35 185 August 24, 2026
Notice of Intent to
Issue Regulations with
Respect to Saver’s Match
Contributions
Notice 2026-48
I. PURPOSE
This notice informs taxpayers that the
Department of the Treasury (Treasury
Department) and the Internal Revenue
Service (IRS) intend to propose regula-
tions providing guidance with respect
to section 6433 of the Internal Revenue
Code (Code), as added by section 103 of
Division T of the Consolidated Appropria-
tions Act, 2023, Pub. L. 117-328, 136 Stat.
4459 (2022), known as the SECURE 2.0
Act of 2022 (SECURE 2.0 Act), enacted
on December 29, 2022. For taxable years
beginning after December 31, 2026, sec-
tion 6433 of the Code allows certain
low- and moderate-income individuals
who make qualified retirement savings
contributions to receive matching contri-
butions of up to $1,000 (Saver’s Match
contributions) paid by the Secretary of the
Treasury or the Secretary’s delegate (Sec-
retary) to applicable retirement savings
vehicles.
Section II of this notice provides a brief
overview of Saver’s Match contributions,
a description of Notice 2024-65, 2024-39
IRB 633 (requesting comments on Saver’s
Match contributions under section 103 of
the SECURE 2.0 Act
1
), and a brief sum-
mary of Executive Order No. 14403, 91
FR 24329 (2026) (facilitating Saver’s
Match contributions).
Section III of this notice provides more
detailed statutory background information
regarding Saver’s Match contributions.
Section IV of this notice addresses
certain questions related to Saver’s
Match contributions that the Trea-
sury Department and the IRS intend to
address in the forthcoming proposed
regulations. The Treasury Department
and the IRS expect that the forthcoming
proposed regulations will be consistent
with the rules described in section IV of
this notice.
2

Section V of this notice contains a
request for comments regarding Saver’s
Match contributions under section 6433 of
the Code and section 103 of the SECURE
2.0 Act,
3
including whether the methods
under consideration for claiming and pay-
ing Saver’s Match contributions described
in Q&As E-2 and E-3 of this notice should
be simplified or revised to ease the burden
of implementing Saver’s Match contribu-
tions. Comments received will be consid-
ered in drafting the forthcoming proposed
regulations.
II. SAVER’S MATCH
CONTRIBUTIONS – OVERVIEW,
NOTICE 2024-65, AND EXECUTIVE
ORDER NO. 14403
A. Overview
Saver’s Match contributions are match-
ing contributions made by the Treasury
Department to an applicable retirement
savings vehicle for eligible individuals.
4

Saver’s Match contributions are equal to
up to 50 percent of $2,000 of qualified
retirement savings contributions made
by an eligible individual to an employ-
er-sponsored retirement plan or an indi-
vidual retirement account or annuity under
section 408(a) or (b) of the Code (IRA) for
taxable years beginning after December
31, 2026. See Q&As B-1 through B-4 of
this notice regarding eligibility for Saver’s
Match contributions, Q&As C-1 through
C-3 of this notice regarding how to cal-
culate Saver’s Match contributions, Q&A
D-1 of this notice regarding what types of
retirement plans and IRAs are applicable
retirement savings vehicles, and Q&As
E-1 through E-3 of this notice regarding
processes under consideration for claim-
ing and paying Saver’s Match contribu-
tions.
B. Notice 2024-65
On September 5, 2024, the Treasury
Department and the IRS issued
Notice 2024-65, which requested com-
ments on all aspects of Saver’s Match
contributions and asked specific questions
on a variety of Saver’s Match contribu-
tion topics. In response to the request,
comments were received from a variety
of stakeholders, including individual tax-
payers, tax preparation services, benefits
industry trade groups, retirement plan
administrators, and recordkeepers. The
Treasury Department and the IRS have
taken these comments into account in pro-
viding this notice.
C. Executive Order No. 14403
On April 30, 2026, President Trump
issued Executive Order No. 14403, titled
“Promoting Retirement-Savings Access
for American Workers by Establishing
TrumpIRA.gov.” The Executive Order
states that it is the policy of the United
States to increase public awareness of
Saver’s Match contributions and to facil-
itate participation in eligible retirement
savings vehicles that provide diversified,
index-based investment options.
The Executive Order directs the Sec-
retary, by January 1, 2027, to establish a
website, TrumpIRA.gov, to provide indi-
viduals with information about high-qual-
ity, low-cost IRAs, with a particular focus
on independent contractors, self-employed
individuals, and other workers who do not
have access to an employer-sponsored
retirement plan. The Executive Order
notes that individuals who contribute to
IRAs, and who are otherwise eligible, are
entitled to a Saver’s Match contribution.
Pursuant to the Executive Order, it
is anticipated that TrumpIRA.gov will
list financial institutions that offer IRAs,
accept Saver’s Match contributions, and
satisfy other criteria established by the
Secretary consistent with applicable law.
In addition, it is anticipated that the web-
1
Notice 2024-65 also requested comments under section 104 of the SECURE 2.0 Act, which addresses steps to increase public awareness of Saver’s Match contributions.
2
The intended collection of certain information addressed in this notice will be subject to the Paperwork Reduction Act (PRA), 44 USC 3507. No collection of information will be required
until approved by the Office of Management and Budget (OMB) under the PRA.
3
This notice does not address section 103(b) of the SECURE 2.0 Act, which includes Treasury Department funding provisions applicable to the U.S. territories. The Treasury Department and
the IRS are coordinating with the U.S. territories regarding the implementation of an equivalent Saver’s Match contribution in each U.S. territory. The IRS anticipates updating Publication
570, Tax Guide for Individuals with Income from U.S. Territories, to include more detailed information about these funding provisions.
4
Special rules apply to Saver’s Match contributions of less than $100 for a taxable year. See Q&A D-2 of this notice.

August 24, 2026 186 Bulletin No. 2026–35
site will explain applicable cost and qual-
ity criteria for listed IRAs, allow individu-
als to filter and select IRAs based on those
criteria, and provide information regard-
ing the opportunity to receive a Saver’s
Match contribution. It is anticipated that,
later in 2026, more information will be
available for IRA providers that want to
be listed on TrumpIRA.gov.
III. STATUTORY BACKGROUND
Section 103 of the SECURE 2.0 Act
added section 6433 to the Code. For tax-
able years beginning after December 31,
2026, Saver’s Match contributions replace
the Retirement Savings Contributions
Credit (Saver’s Credit) under section 25B
with respect to elective contributions to
qualifying retirement plans and IRAs.
5

Section 6433(a)(1) of the Code pro-
vides that any eligible individual who
makes qualified retirement savings contri-
butions for a taxable year will be allowed
a matching contribution for that taxable
year in an amount equal to a specified
applicable percentage of so much of the
qualified retirement savings contributions
made by the eligible individual for the tax-
able year as does not exceed $2,000. Sec-
tion 6433(a)(2)(A) provides that a Saver’s
Match contribution will be allowed as a
credit payable as a contribution to the eli-
gible individual’s applicable retirement
savings vehicle as soon as practicable after
an eligible individual files a tax return
making a claim for the contribution. Sec-
tion 6433(a)(2)(B) provides that an indi-
vidual who is eligible for a Saver’s Match
contribution of greater than zero but less
than $100 may elect for the amount of the
Saver’s Match contribution to be treated
as a refundable income tax credit allowed
by subpart C of part IV of subchapter A of
chapter 1 of the Code (rather than contrib-
uted to the individual’s applicable retire-
ment savings vehicle).
Section 6433(b)(1) provides that the
maximum applicable percentage for an
eligible individual is 50 percent. Sec-
tion 6433(b)(2) provides that an eligi-
ble individual’s applicable percentage
is reduced (but not below zero) by the
number of percentage points that bears
the same ratio to 50 percentage points
as (1) the excess of (a) the eligible indi-
vidual’s modified adjusted gross income
(MAGI) for the taxable year, over (b) the
applicable dollar amount, bears to (2)
the phaseout range. The applicable dol-
lar amount and the end of the phaseout
range for an eligible individual are both
determined based on the eligible individ-
ual’s taxpayer filing status. Under section
6433(b)(3)(A), for individuals who are
either married filing jointly or surviving
spouses, the phaseout range is $30,000,
beginning at the applicable dollar amount
of $41,000 and ending at $71,000. Under
section 6433(b)(3)(B)(i), for heads of
household, the phaseout range is $22,500
(calculated as ¾ of the $30,000 phaseout
range), beginning at the applicable dol-
lar amount of $30,750 (calculated as ¾
of the $41,000 applicable dollar amount)
and ending at $53,250. Under section
6433(b)(3)(B)(ii), for individuals who
are not married filing jointly, heads of
household, or surviving spouses, the
phaseout range is $15,000 (calculated as
½ of the $30,000 phaseout range), begin-
ning at the applicable dollar amount of
$20,500 (calculated as ½ of the $41,000
applicable dollar amount) and ending
at $35,500. For any taxable year begin-
ning in a calendar year after 2027, the
applicable dollar amount (and, thus, the
beginning and end of the phaseout range)
is subject to inflation adjustments under
section 6433(h).
Under section 6433(c), an eligible indi-
vidual for a taxable year is an individual
who has attained age 18 as of the close of
the taxable year, other than an individual
who is (1) a student as defined in section
152(f)(2),
6
(2) claimed as a dependent
on another taxpayer’s return for a tax-
able year beginning in the calendar year
in which the individual’s taxable year
begins, or (3) a nonresident alien (unless
the individual has made an election under
section 6013(g) or (h) to be treated as a
U.S. resident)).
Section 6433(d)(1) provides that the
term “qualified retirement savings contri-
butions” means, with respect to any tax-
able year, the sum of: (1) the amount of
the qualified retirement contributions (as
defined in section 219(e))
7
made by an
eligible individual; (2) the amount of (i)
any elective deferrals (as defined in sec-
tion 402(g)(3))
8
of the individual and (ii)
any elective deferrals of compensation by
the individual under a governmental sec-
tion 457(b) plan; and (3) the amount of
voluntary employee contributions by the
individual to any qualified retirement plan
(as defined in section 4974(c)).
9
Quali-
fied retirement savings contributions do
not include any amount attributable to a
payment of Saver’s Match contributions
under section 6433(a)(2).
Section 6433(d)(2)(A) provides that
qualified retirement savings contribu-
tions are reduced (but not below zero) by
the aggregate distributions received by
the individual during a specified testing
period from any IRA, plan, or annuity of
a type to which qualified retirement sav-
ings contributions may be made. Section
6433(d)(2)(B) provides that the testing
period, with respect to a taxable year, is
5
The Saver’s Credit continues to be available for taxable years beginning after December 31, 2026, with respect to contributions made to Achieving a Better Life Experience (ABLE) accounts
described in section 529A. See section 70116 of Public Law 119-21, 139 Stat. 72 (July 4, 2025), commonly known as the One, Big, Beautiful Bill Act (OBBBA).
6
Section 152(f)(2) provides that a student is an individual who, during each of five months during the calendar year in which the taxable year of the individual begins, (1) is enrolled full-time
at a school that has a regular teaching staff, course of study, and regularly enrolled body of students in attendance, or (2) is taking an on-farm training course full-time given by an accredited
agent of a school described in clause (1), or a state or political subdivision of a state, county, or local government.
7
Under section 219(e), a qualified retirement contribution is: (1) any amount paid in cash for the taxable year by or on behalf of an individual to an individual retirement plan (including a
traditional or Roth IRA) for such individual’s benefit, and (2) any amount contributed on behalf of any individual to a plan described in section 501(c)(18).
8
Under section 402(g), an elective deferral is, with respect to any taxable year, the sum of: (1) any employer contribution under a qualified cash or deferred arrangement (as defined in section
401(k)) to the extent not includible in gross income for the taxable year under section 402(e)(3) (determined without regard to section 402(g)); (2) any employer contribution to the extent
not includible in gross income for the taxable year under section 402(h)(1)(B) (determined without regard to section 402(g)); (3) any employer contribution to purchase an annuity contract
under section 403(b) under a salary reduction agreement (within the meaning of section 3121(a)(5)(D)); and (4) any elective employer contribution under section 408(p)(2)(A)(i).
9
A qualified retirement plan under section 4974(c) is: (1) a plan described in section 401(a) which includes a trust exempt from tax under section 501(a); (2) an annuity plan described in
section 403(a); (3) an annuity contract described in section 403(b); (4) an individual retirement account described in section 408(a); or (5) an individual retirement annuity described in section
408(b).

Bulletin No. 2026–35 187 August 24, 2026
the period that includes (1) the taxable
year during which qualified retirement
savings contributions are made, (2) the
two preceding taxable years, and (3) the
period after the taxable year during which
qualified retirement savings contributions
are made and before the due date (includ-
ing extensions) for filing the tax return for
that taxable year. Section 6433(d)(2)(C)
provides that certain distributions made
during the testing period are not taken
into account for purposes of determining
whether a taxpayer received a distribu-
tion under section 6433(d)(2)(A). Dis-
tributions not taken into account include
(1) any distribution referred to in section
72(p), 401(k)(8), 401(m)(6), 402(g)(2),
404(k), or 408(d)(4), (2) any distribution
to which section 408(d)(3) or 408A(d)
(3) applies, and (3) any portion of a dis-
tribution if the portion is transferred or
paid in a rollover contribution (as defined
in section 402(c), 403(a)(4), 403(b)
(8), 408A(e), or 457(e)(16)) to an account
or plan to which qualified retirement sav-
ings contributions can be made. Section
6433(d)(2)(D) provides that any distribu-
tion received by the spouse of an eligible
individual is treated as received by that
eligible individual if the eligible individ-
ual and spouse file a joint return for the
taxable year for which the Saver’s Match
contribution is claimed and for the taxable
year during which the spouse receives the
distribution.
Under section 6433(e)(1) and (2), an
applicable retirement savings vehicle to
which Saver’s Match contributions may
be made for an eligible individual is an
account or plan elected by the individual
that (1) is (a) the portion of a plan that
is a governmental section 457(b) plan, a
qualified cash or deferred arrangement
(within the meaning of section 401(k)), or
an annuity contract described in section
403(b) that is purchased under a salary
reduction agreement, and does not consist
of a qualified Roth contribution program
(as defined in section 402A(b)), or (b) an
individual retirement plan that is not a
Roth IRA, (2) is for the benefit of an eligi-
ble individual, (3) accepts Saver’s Match
contributions, and (4) is designated by the
eligible individual, in such form and man-
ner as the Secretary may provide.
Section 6433(f)(1) provides that the
term “modified adjusted gross income”
(MAGI) means adjusted gross income for
a taxable year determined without regard
to sections 911 (citizens or residents of the
United States living abroad), 931 (income
from sources within Guam, American
Samoa, or the Northern Mariana Islands),
and 933 (income from sources within
Puerto Rico), and determined without
regard to any exclusion or deduction
allowed for any qualified retirement sav-
ings contribution made during the taxable
year.
Section 6433(f)(2)(A) provides that if
contributed to an applicable retirement
savings vehicle, a Saver’s Match con-
tribution is treated as an elective defer-
ral made by an eligible individual or as
an IRA contribution made by an eligible
individual (as applicable), except as pro-
vided by the Secretary under regulations.
Section 6433(f)(2)(B) provides that a Sav-
er’s Match contribution will not be taken
into account with respect to any applica-
ble limitation under section 402(g)(1),
403(b), 408(a)(1), 408(b)(2)(B), 408A(c)
(2), 414(v)(2), 415(c), or 457(b)(2), and
will be disregarded for purposes of sec-
tions 401(a)(4), 401(k)(3), 401(k)(11)(B)
(i)(III), and 416. In addition, under section
6433(f)(2)(C), an eligible individual’s
Saver’s Match contribution is not treated
as an amount that may be paid, made
available, or distributable to the eligible
individual under section 401(k)(2)(B)(i)
(IV) or 403(b)(7)(A)(i)(V) (hardship dis-
tributions), or section 457(d)(1)(A)(iii)
(unforeseeable emergency distributions).
Section 6433(f)(3) provides that any
applicable retirement savings vehicle to
which a Saver’s Match contribution is
made will not be treated as violating any
requirements under section 401, 403,
408, or 457, as applicable, solely by rea-
son of accepting that contribution. Sec-
tion 6433(f)(4)(A) provides that, if any
contribution is erroneously paid under
section 6433(a)(2) (including a payment
that is not made to an applicable retire-
ment savings vehicle), the amount of that
erroneous payment will be treated as an
underpayment of tax, other than for pur-
poses of part II of subchapter A of chapter
68 (accuracy-related and fraud penalties),
for the taxable year in which the Secre-
tary determines the payment is erroneous.
Section 6433(f)(4)(B)(i) provides that, in
the case of a contribution to which sec-
tion 6433(f)(4)(A) applies, section 402(a),
403(a)(1), 403(b)(1), 408(d)(1), or 457(a)
(1), whichever is applicable, will not apply
to any distribution of the contribution, and
section 72(t) will not apply to the distri-
bution of the contribution or any income
attributable to the distribution, if the dis-
tribution is received not later than the day
prescribed by law (including extensions
of time) for filing the individual’s return
for the taxable year. Section 6433(f)(4)(B)
(ii) provides that any plan or arrangement
from which a distribution is made under
section 6433(f)(4)(B) will not be treated
as violating any requirement under section
401, 403, or 457 solely by reason of mak-
ing the distribution.
Section 6433(f)(5) provides that any
payment made to any individual under
section 6433 is not subject to reduction
or offset under section 6402(c), (d), (e),
or (f) or any similar authority permitting
offset and is not reduced or offset by other
assessed federal taxes that would other-
wise be subject to levy or collection.
Section 6433(f)(6) provides that, in the
case of an applicable retirement savings
vehicle to which contributions have been
made under section 6433(a)(2) and from
which a specified early distribution has
been made during the taxable year, if the
aggregate amount of those contributions
exceeds the account balance of that sav-
ings vehicle at the end of the taxable year,
an additional tax applies (Saver’s Match
recovery tax). Section 6433(f)(6)(A)
and (D) provides that this Saver’s Match
recovery tax is equal to the amount of the
excess described in the prior sentence,
reduced by (1) the amount of the 10 per-
cent additional tax on early distributions
under section 72(t)(1) that applies to the
distribution and (2) allocable investment
losses (pursuant to such rules prescribed
by the Secretary as may be appropriate).
Section 6433(f)(6)(B) provides that a
specified early distribution is any portion
of a distribution (1) that is made from the
applicable retirement savings vehicle to
which Saver’s Match contributions have
been made, (2) that is includible in gross
income, and (3) to which the 10 percent
additional tax on early distributions under
section 72(t)(1) applies.
Section 6433(f)(6)(C) provides that an
eligible individual may also reduce the
Saver’s Match recovery tax (but not below

August 24, 2026 188 Bulletin No. 2026–35
zero) for a taxable year during which a
specified early distribution has been made
by making additional contributions not in
excess of the amount of the specified early
distribution to an applicable retirement
savings vehicle to which rollover contri-
butions may be made. The Saver’s Match
recovery tax is reduced to the extent of the
additional contributions. The additional
contributions must be made by the due
date (including extensions) of the eligible
individual’s tax return for the taxable year
for which the Saver’s Match recovery tax
would otherwise be owed. In addition, an
eligible individual’s additional contribu-
tions to an applicable retirement savings
vehicle that is not an IRA may be made
to the vehicle only if the individual is oth-
erwise eligible to make contributions to
the vehicle. Under section 6433(f)(6)(C)
(iv) and (v), these additional contributions
are treated as having been transferred in a
direct trustee-to-trustee transfer within 60
days of the specified early distribution.
Section 6433(g) provides that in the
case of an amount elected by an eligible
individual to be contributed to an account
or plan under section 6433(e)(2), the
Secretary will provide general guidance
applicable to the custodian of the account
or the plan sponsor detailing the treatment
of the contribution under section 6433(f)
(2) and the reporting requirements with
respect to the contribution under section
6058, particularly as the requirements are
modified pursuant to section 103(c)(2)
10

of the SECURE 2.0 Act.
Section 6433(h)(1) of the Code pro-
vides that for any taxable year beginning
in a calendar year after 2027, the $41,000
amount in section 6433(b)(3)(A)(i) will be
increased by an amount equal to $41,000,
multiplied by the cost-of-living adjust-
ment determined under section 1(f)(3) for
the calendar year in which the taxable year
begins, determined by substituting “calen-
dar year 2026” for “calendar year 2016”
in section 1(f)(3)(A)(ii).
11
Section 6433(h)
(2) provides that any such increase will be
rounded to the nearest multiple of $1,000.
Section 103(c)(2) of the SECURE
2.0 Act provides for the amendment of
forms to require separate reporting of the
aggregate amount of Saver’s Match con-
tributions received by an applicable retire-
ment savings vehicle. Section 103(c)(2)
(A) provides for the amendment of forms
required under section 6058 of the Code
for reporting the aggregate amount of
Saver’s Match contributions received by
a retirement plan during a plan year. Sec-
tion 103(c)(2)(B) of the SECURE 2.0 Act
provides for similar reporting with respect
to IRAs.
IV. DISCUSSION OF CERTAIN
SPECIFIC ISSUES
The Treasury Department and the IRS
intend to propose regulations consistent
with the answers to the questions set forth
in this section IV.
A. Saver’s Match Contributions –
Comparison to Saver’s Credit; Tax
Treatment
Q. A-1: How do Saver’s Match contri-
butions differ from the Saver’s Credit?
A. A-1: In general, for taxable years
beginning after December 31, 2026, Sav-
er’s Match contributions will replace the
Saver’s Credit under section 25B of the
Code with respect to elective contribu-
tions to qualifying retirement plans and
IRAs.
12
However, the Saver’s Credit con-
tinues to be available after December 31,
2026, with respect to contributions made
to ABLE accounts described in section
529A.
Saver’s Match contributions are
amounts that are generally paid directly to
an eligible individual’s applicable retire-
ment savings vehicle, even if the individ-
ual has no income tax liability. In contrast,
the Saver’s Credit is a nonrefundable tax
credit that cannot exceed the amount of
an individual’s tax liability. Another dif-
ference between Saver’s Match contribu-
tions and the Saver’s Credit is that ABLE
account contributions may not be taken
into account for Saver’s Match contribu-
tions, but ABLE account contributions
may continue to be taken into account
for the Saver’s Credit after December 31,
2026. Also, there are differences in income
thresholds for eligibility, differences in the
way income changes affect Saver’s Match
contributions and Saver’s Credit amounts,
and other income calculation differences.
In addition, section 6433(c)(3) provides
that the definition of eligible individual
does not include any nonresident alien for
any portion of the taxable year who is not
treated as a resident of the United States
for the taxable year for purposes of chap-
ter 1 of the Code by reason of an election
under section 6013(g) or (h).
13
See Q&As
C-1 through C-3 of this notice for further
details regarding Saver’s Match contribu-
tion calculations.
Finally, for taxable years beginning
after December 31, 2026, Saver’s Match
contributions would be claimed on a new
(not yet published) Form 8880-A, Saver’s
Match for Qualified Retirement Savings
Contributions (or a successor form). It is
anticipated that, with respect to contri-
butions to ABLE accounts, the Saver’s
Credit would continue to be claimed on
Form 8880, Credit for Qualified Retire-
ment Savings Contributions (which will
be revised to reflect section 103 of the
SECURE 2.0 Act and section 70116 of
OBBBA).
Q. A-2: What are the income tax rules
with respect to Saver’s Match contribu-
tions?
10
Section 6433(g) refers to section 102(c)(2) of the SECURE 2.0 Act, but this appears to be a clerical error as that provision does not exist.
11
Under section 6433(b), $41,000 is the applicable dollar amount used to determine the beginning of the applicable percentage phaseout range for individuals whose filing status is either
married filing jointly or surviving spouses, and it is the starting point for calculating the applicable dollar amount for other individuals. Thus, the beginning and end of the phaseout range (but
not the phaseout range itself) are subject to the cost-of-living adjustment.
12
For an IRA contribution made after December 31, 2026, and not later than the due date of an eligible individual’s 2026 tax return (without extensions), the eligible individual may designate
the IRA contribution as being made for the 2026 taxable year and claim a Saver’s Credit for the 2026 taxable year based on the contribution, or as being made for the 2027 taxable year and
claim a Saver’s Match for the 2027 taxable year based on the contribution.
13
The Justice Department’s Office of Legal Counsel (OLC) has opined that Saver’s Match contributions are “federal public benefits” within the meaning of the Personal Responsibility and
Work Opportunity Reconciliation Act of 1996, Pub. L. 104-193, 110 Stat. 2105 (PRWORA). See Memorandum Opinion for the General Counsel, Department of the Treasury, from Lanora
C. Pettit, Deputy Assistant Attorney General, Office of Legal Counsel, re: Status of the Refundable Portion of Certain Tax Credits as Federal Public Benefits, 49 Op. O.L.C. __, at 2 (Nov. 19,
2025), available at https://www.justice.gov/olc/media/1419131/dl. PRWORA generally prohibits aliens who are not qualified aliens from being eligible to receive a federal public benefit. See
8 USC § 1611(a) and (c)(1). The Treasury Department and the IRS anticipate addressing the applicability of PRWORA to Saver’s Match contributions in forthcoming proposed regulations.

Bulletin No. 2026–35 189 August 24, 2026
A. A-2: Saver’s Match contributions
are not includible in gross income when
they are contributed to an applicable
retirement savings vehicle of an eligible
individual. However, distributions from
an applicable retirement savings vehicle
attributable to Saver’s Match contribu-
tions are subject to income tax for the year
of distribution (unless they are rolled over
or transferred through a trustee-to-trustee
transfer into another retirement plan or
IRA). If the eligible individual has not
attained age 59½ on the date of distribu-
tion, a 10 percent additional tax on early
distributions under section 72(t)(1) of the
Code and a Saver’s Match recovery tax
under section 6433(f)(6) may apply. See
Publication 575, Pension and Annuity
Income, under the heading “Tax on Early
Distributions,” and Publication 590-B,
Distributions from Individual Retirement
Arrangements (IRAs), under the heading
“Early Distributions,” for more informa-
tion about the 10 percent additional tax on
early distributions under section 72(t)(1)
and the exceptions to that tax.
B. Eligibility for Saver’s Match
Contributions
Q. B-1: Who is an eligible individual
for purposes of claiming a Saver’s Match
contribution?
A. B-1: In general, an eligible indi-
vidual for purposes of claiming a Sav-
er’s Match contribution is an individual
who is at least age 18 before the end of
the taxable year for which the individual
makes qualified retirement savings contri-
butions on which the claim for a Saver’s
Match contribution is based. However,
an eligible individual does not include an
individual who is a student under section
152(f)(2) for the taxable year, an individ-
ual claimed as a dependent on another
taxpayer’s tax return for the taxable year,
or a nonresident alien who is not treated
for such taxable year as a resident of the
United States by reason of an election
under section 6013(g) or (h).
Q. B-2: What are qualified retirement
savings contributions for a taxable year
that are taken into account for purposes
of determining an eligible individual’s
Saver’s Match contribution for the taxable
year?
A. B-2: In general, an eligible individ-
ual’s qualified retirement savings contri-
butions of up to $2,000 for a taxable year
that are taken into account for purposes
of determining the individual’s Saver’s
Match contribution for the taxable year
consist of the following four types of con-
tributions:
(1) contributions to a traditional or
Roth IRA;
(2) elective deferrals (as defined in sec-
tion 402(g)(3)), such as elective deferrals
to a section 401(k) plan (including a SIM-
PLE 401(k) plan), section 403(b) plan,
governmental section 457(b) plan, sec-
tion 408(p) SIMPLE IRA plan, or section
408(k) SEP arrangement;
(3) voluntary after-tax employee con-
tributions to a qualified retirement plan
described in section 4974(c); and
(4) contributions to a section 501(c)
(18) plan.
14

In general, for qualified retirement
savings contributions to be taken into
account in calculating Saver’s Match
contributions for a taxable year, the
qualified retirement savings contribu-
tions must be made by the end of that
taxable year. However, contributions
made to a new or already-existing IRA
after the end of the taxable year may be
made as late as the tax filing deadline
(without extensions) for the taxable year
as long as the contributions are desig-
nated as being made for the prior tax-
able year.
15
As described in footnote 14
of this notice, an individual entitled to
receive a tax refund for a taxable year
can make qualified retirement savings
contributions by requesting on Form
8888 that the individual’s tax refund be
contributed to an IRA. However, that
tax-refund contribution must be made by
the IRS by the tax filing deadline for that
taxable year in order for the tax refund
to be deemed contributed for that tax-
able year. If the tax-refund contribution
is not made by the tax filing deadline
for the taxable year for the return with
which the Form 8888 is filed, the con-
tribution cannot be taken into account
as a qualified retirement savings contri-
bution for that year, but it can be taken
into account as a qualified retirement
savings contribution for the taxable year
in which it is made.
Qualified retirement savings contribu-
tions do not include rollover contributions
or trustee-to-trustee transfers into a retire-
ment plan or IRA from another retirement
plan or IRA, or Saver’s Match contribu-
tions into a retirement plan or IRA. In
addition, certain distributions from an
individual’s retirement plan or IRA reduce
the qualified retirement savings contribu-
tions that are taken into account for pur-
poses of determining the individual’s Sav-
er’s Match contribution. See Q&A C-3 of
this notice for more information about the
impact of distributions on amounts treated
as qualified retirement savings contribu-
tions.
Q. B-3: What is an individual’s MAGI
for a taxable year for purposes of apply-
ing the eligibility income threshold and
phaseout rules for Saver’s Match contri-
butions for the taxable year?
A. B-3: An individual’s MAGI for a
taxable year for purposes of applying the
eligibility income threshold and phaseout
rules for Saver’s Match contributions for
the taxable year equals the sum of the fol-
lowing amounts:
(1) Adjusted gross income,
16
(2) Pre-tax elective deferrals and other
salary reduction contributions to retire-
ment plans,
17

(3) Deductible contributions to tradi-
tional IRAs,
18
and
(4) Foreign source income excluded
from income under section 911, income
from sources within Guam, America
Samoa, or the Northern Mariana Islands
excluded from income under section 931,
14
The four types of qualified retirement savings contributions include elective deferrals and voluntary after-tax contributions to a governmental plan within the meaning of section 414(d), a
church plan within the meaning of section 414(e), or the Thrift Savings Fund for federal employees referenced in section 7701(j). Qualified retirement savings contributions also include tax
refunds contributed to an IRA pursuant to an individual’s request on Form 8888, Allocation of Refund.
15
See Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), for information regarding the due date for making contributions to a traditional or Roth IRA.
16
This amount appears on line 11a on the 2025 Form 1040, U.S. Individual Income Tax Return.
17
For example, for an eligible individual who makes pre-tax elective deferrals to a section 401(k) plan, this amount generally appears in Box 12 with code D, on the 2025 Form W-2, Wage
and Tax Statement.
18
For an eligible individual who makes a deductible contribution to a traditional IRA, this amount appears on schedule 1, line 20 (IRA deduction) on the 2025 Form 1040.

August 24, 2026 190 Bulletin No. 2026–35
and income earned from sources within
Puerto Rico excluded from income under
section 933.
As described in Q&A I-1 of this notice,
which addresses Saver’s Match contribu-
tion rules for eligible individuals whose
filing status is married filing jointly, the
MAGI for an eligible individual whose
filing status is married filing jointly equals
the combined MAGI of both spouses for
purposes of applying income eligibility
and phaseout rules.
Q. B-4: What is the maximum MAGI
that an eligible individual can earn for a
taxable year and still be entitled to claim a
Saver’s Match contribution for the taxable
year?
A. B-4: An eligible individual is not
entitled to claim a Saver’s Match con-
tribution for the 2027 taxable year if the
individual’s MAGI equals or exceeds the
amount listed in the following table for the
individual’s filing status:
Filing StatusMaximum MAGI
Single$35,500
Married Filing Jointly$71,000
Surviving Spouse$71,000
Head of Household$53,250
Married Filing Separately$35,500
For taxable years beginning in a calen-
dar year after 2027, these maximum MAGI
amounts will be adjusted for inflation.
C. Calculating Saver’s Match
Contributions
Q. C-1: How is the amount of an eli-
gible individual’s Saver’s Match contribu-
tion for a taxable year calculated?
A. C-1: The amount of an eligible indi-
vidual’s Saver’s Match contribution for a
taxable year is calculated by multiplying
the amount of the eligible individual’s
qualified retirement savings contribu-
tions for the taxable year (up to $2,000,
not adjusted for cost-of-living increases)
by the applicable percentage described in
Q&A C-2 of this notice.
Q. C-2: How is the applicable percent-
age determined for purposes of calculat-
ing an individual’s Saver’s Match contri-
bution for a taxable year?
A. C-2: In general, the applicable
percentage is 50% for purposes of cal-
culating an individual’s Saver’s Match
contribution for a taxable year. The
applicable percentage is reduced over
a phaseout range as an eligible indi-
vidual’s MAGI for the taxable year
approaches the maximum MAGI that
the individual can earn for the taxable
year and still be eligible for a Saver’s
Match contribution. In particular, sec-
tion 6433(b) provides that the appli-
cable percentage is reduced (but not
below zero) by the number of percent-
age points that bears the same ratio to
50 percentage points as (1) the excess
of (a) the eligible individual’s MAGI
for the taxable year, over (b) the appli-
cable dollar amount, bears to (2) the
phaseout range.
19
In other words, an
eligible individual’s percentage point
reduction is determined using the fol-
lowing formula:
Percentage point reduction =
50 percentage points x ((MAGI -
applicable dollar amount) ÷ phaseout
range)
After an eligible individual’s percentage
point reduction is calculated for a taxable
year, it is rounded down to the next low-
est whole percentage point and subtracted
from 50% (the unreduced applicable per-
centage) to determine the eligible individ-
ual’s reduced applicable percentage for
the taxable year. An eligible individual’s
applicable dollar amount and phaseout
range for the 2027 taxable year can be
determined using the table below:
Filing StatusApplicable Dollar AmountPhaseout Range
Single$20,500$15,000
Married Filing Jointly$41,000$30,000
Surviving Spouse$41,000$30,000
Head of Household$30,750$22,500
Married Filing Separately$20,500$15,000
To determine an individual’s filing sta-
tus, see the Instructions to Form 1040.
20
The
applicable dollar amount for each type of fil-
ing status is adjusted for inflation for taxable
years beginning after 2027, but the phaseout
ranges are not adjusted for inflation.
19
This statutory reduction method can be described using the following formula:
Percentage point reduction MAGI - applicable dollar amount
=
50 percentage pointsphaseout range
20
References to the Form 1040 also include the Form 1040-SR, U.S. Income Tax Return for Seniors.

Bulletin No. 2026–35 191 August 24, 2026
The following examples demonstrate
how Saver’s Match contributions for a
taxable year would be calculated for sin-
gle individuals and individuals whose fil-
ing status is married filing jointly:
Example 1: Taxpayer A is a single filer who made
a $1,500 contribution to Taxpayer A’s traditional IRA
in 2027. Taxpayer A’s MAGI for 2027 is $30,000.
Taxpayer A is eligible to receive a Saver’s Match
contribution and makes a claim for a Saver’s Match
contribution for 2027. Taxpayer A’s Saver’s Match
contribution for 2027 is $285, calculated as follows:
1. Percentage point reduction = 50 percentage
points x (($30,000 - $20,500) ÷ $15,000) =
31.6667
2. Percentage point reduction rounded down to
the nearest percentage point = 31
3. 50% - 31 percentage points = 19%
4. $1,500 x 19% = $285
Example 2: Taxpayers B and C are married, and
their filing status is married filing jointly.
21
Taxpayer
B made a $1,000 contribution to Taxpayer B’s tradi-
tional IRA in 2027, and Taxpayer C made a $2,000
contribution to Taxpayer C’s traditional IRA in 2027.
Taxpayer B’s and Taxpayer C’s joint MAGI for 2027
is $63,000. Taxpayers B and C are each eligible to
claim a Saver’s Match contribution, and they each
make a claim for a Saver’s Match contribution for
2027. Taxpayer B’s Saver’s Match contribution for
2027 is $140, calculated as follows:
1. Percentage point reduction = 50 percentage
points x (($63,000 - $41,000) ÷ $30,000) =
36.6667
2. Percentage point reduction rounded down to
the nearest percentage point = 36
3. 50% - 36 percentage points = 14%
4. $1,000 x 14% = $140
Taxpayer C’s Saver’s Match contribution for 2027 is
$280, calculated as follows:
1. Percentage point reduction = 50 percentage
points x (($63,000 - $41,000) ÷ $30,000) =
36.6667
2. Percentage point reduction rounded down to
the nearest percentage point = 36
3. 50% - 36 percentage points = 14%
4. $2,000 x 14% = $280
Q. C-3: Do distributions received by
an eligible individual (or the eligible indi-
vidual’s spouse) from a retirement plan
or IRA reduce the amount of the individ-
ual’s qualified retirement savings contri-
butions for a taxable year that are taken
into account in calculating the individual’s
Saver’s Match contribution for the taxable
year?
A. C-3: In general, the amount of an
eligible individual’s qualified retirement
savings contributions for a taxable year
is reduced by the amount distributed
to the eligible individual or the eligible
individual’s spouse from a retirement
plan or IRA of a type to which qualified
retirement savings contributions may be
made.
22
However, a distribution reduces
the amount of an eligible individual’s
qualified retirement savings contributions
for a taxable year only if:
(1) the distribution is received by the
eligible individual during a specified test-
ing period, or
(2) the distribution is received by the
eligible individual’s spouse during the
testing period (and the eligible individual
filed jointly with that spouse both for the
year during which the distribution was
made and the year for which the quali-
fied retirement savings contributions were
made).
The specified testing period consists
of the taxable year for which the quali-
fied retirement savings contributions were
made, the period after the end of that tax-
able year and before the due date (with
extensions) for filing the eligible individu-
al’s tax return for that taxable year, and the
two taxable years that precede the taxable
year for which the qualified retirement
savings contributions were made.
An amount does not count as a distri-
bution for purposes of the reduction on
account of distributions if the amount is
a distribution (or portion of a distribution)
that is:
(1) Referred to in section 72(p) (plan
loans treated as distributions); 401(k)(8)
(excess contributions); 401(m)(6) (excess
aggregate contributions distributed before
the end of the following plan year); 402(g)
(2) (distribution of excess deferrals); 404(k)
(deduction for dividends paid on certain
employer securities); or 408(d)(4) (contri-
butions returned before due date of return);
(2) A trustee-to-trustee transfer or an
indirect or direct rollover to an eligible
retirement plan under section 408(d)(3) or
408A(d)(3); or
(3) Transferred or paid in a rollover
contribution (as defined in section 402(c),
403(a)(4), 403(b)(8), 408A(e), or 457(e)
(16)) to an account or retirement plan to
which qualified retirement savings contri-
butions can be made.
For example, if an eligible individual
contributes $2,000 to a 401(k) plan during
2027, but had taken a $500 IRA with-
drawal during that year and a $900 IRA
withdrawal during 2026, neither of which
was rolled over or moved in a trustee-to-
trustee transfer, the amount of the individ-
ual’s 2027 qualified retirement savings
contributions on which Saver’s Match
contributions can be based is $600 ($2,000
- $500 - $900), instead of the $2,000 max-
imum amount that would have been the
amount of the qualified retirement savings
contributions on which Saver’s Match
contributions could have been based if no
withdrawals had been taken.
D. Destination of Saver’s Match
Contributions
Q. D-1: What types of retirement plans
and IRAs are applicable retirement sav-
ings vehicles that are permitted to receive
Saver’s Match contributions directly from
the Treasury Department?
A. D-1: Applicable retirement savings
vehicles that are permitted to receive Sav-
er’s Match contributions directly from the
Treasury Department are: (1) the portion
of a retirement plan that (a) is described in
section 402(c)(8)(B)(v) (a governmental
section 457(b) plan), is a qualified cash or
deferred arrangement (within the meaning
of section 401(k)), or is an annuity con-
tract described in section 403(b) that is
purchased under a salary reduction agree-
ment, and (b) does not consist of a quali-
fied Roth contribution program (as defined
in section 402A(b)), and (2) an individual
retirement plan that is not a Roth IRA.
23
In
order for an applicable retirement savings
vehicle to receive Saver’s Match contri-
butions directly from the Treasury Depart-
ment for an eligible individual, it must (1)
be for the benefit of the eligible individ-
ual, (2) accept Saver’s Match contribu-
tions, and (3) be designated by the eligible
21
As described in Q&A I-1 of this notice, if an individual’s filing status is married filing jointly, eligibility to claim Saver’s Match contributions is determined independently for the individual
and the individual’s spouse, but income is determined as the combined MAGI of both spouses for purposes of applying income eligibility and phaseout rules.
22
Distributions from an inherited IRA by a non-spousal beneficiary are not from a retirement plan or IRA of a type to which qualified retirement savings contributions may be made.
23
An applicable retirement savings vehicle that is permitted to receive Saver’s Match contributions directly from the Treasury Department includes governmental plans (within the meaning
of section 414(d)) and church plans (within the meaning of section 414(e)) that are 401(k) plans, 403(b) plans, or governmental section 457(b) plans, and the Thrift Savings Fund for federal
employees referenced in section 7701(j).

August 24, 2026 192 Bulletin No. 2026–35
individual, in such form and manner as the
Secretary may provide.
Q. D-2: If an eligible individual’s Sav-
er’s Match contribution would be less than
$100 for a taxable year, does the individ-
ual have the option for the Saver’s Match
contribution to be treated as a refundable
tax credit (rather than for the contribution
to be paid to an applicable retirement sav-
ings vehicle)?
A. D-2: Yes. An eligible individual may
elect for a Saver’s Match contribution that
would be less than $100 for a taxable year
to be treated as a refundable tax credit
rather than to be paid to an applicable
retirement savings vehicle. This election
would be made on the same form used to
claim a Saver’s Match contribution (see
Q&A E-1 of this notice for information
regarding the form used for claiming a
Saver’s Match contribution). This $100
limit is applied on an individual basis.
Thus, for example, for individuals whose
filing status is married filing jointly, the
election would be available to each spouse
who is entitled to a Saver’s Match contri-
bution that would be less than $100.
E. Claiming and Payment of Saver’s
Match Contributions
Q. E-1: How would an eligible individ-
ual claim a Saver’s Match contribution?
A. E-1: To claim a Saver’s Match con-
tribution for a taxable year, an eligible
individual would need to file an income
tax return for that taxable year and claim
the Saver’s Match contribution on a sepa-
rate Form 8880-A for that taxable year. As
part of a claim for a Saver’s Match contri-
bution, an eligible individual would need
to demonstrate eligibility for the Saver’s
Match contribution by providing informa-
tion about the eligible individual’s MAGI,
filing status, qualified retirement savings
contributions, and distributions described
in Q&A C-3 of this notice.
Q. E-2: How would an eligible indi-
vidual direct payment of a Saver’s Match
contribution to an IRA?
A. E-2: The method by which an eligi-
ble individual would direct payment of a
Saver’s Match contribution to an IRA is
still under development and would depend
on whether the individual chooses for the
Saver’s Match contribution to be directed
to a traditional IRA or to a Roth IRA. The
Treasury Department and the IRS are
considering the two methods described
in paragraphs (a) and (b) of this Q&A
E-2. As noted in section V of this notice,
comments are requested on the best way
to implement anticipated traditional and
Roth IRA registration and designation
processes, including whether they should
be facilitated in connection with Trum-
pIRA.gov and whether there are other
ways to streamline the claiming of Saver’s
Match contributions.
(a) Saver’s Match contributions
directed to traditional IRA. An eligible
individual who wants to direct payment
of a Saver’s Match contribution to a tra-
ditional IRA would need to provide, on
the eligible individual’s Form 8880-A
claiming the Saver’s Match contribu-
tion, an IRA tracking number that identi-
fies the eligible individual’s chosen tra-
ditional IRA provider. An IRA tracking
number would be available only with
respect to a traditional IRA provider
that has registered with the Treasury
Department and the IRS. The IRA track-
ing number associated with a particular
traditional IRA provider would be gen-
erated by the Treasury Department and
the IRS through the registration pro-
cess. An eligible individual would be
able to learn the IRA tracking number
associated with the individual’s chosen
traditional IRA provider either through
a government website or directly from
the traditional IRA provider. If the eli-
gible individual provides an IRA track-
ing number on the individual’s Form
8880-A with respect to a traditional IRA
provider, the eligible individual’s Sav-
er’s Match contribution would be paid
directly to the individual’s chosen tradi-
tional IRA.
An eligible individual would need
to establish the traditional IRA with the
traditional IRA provider before submit-
ting a Form 8880-A in order to receive
the IRA tracking number.
24
More infor-
mation about how an eligible individual
who wants to direct payment of a Saver’s
Match contribution to a traditional IRA
would implement that choice, and how
a traditional IRA provider that is willing
to accept Saver’s Match contributions
would register with the Treasury Depart-
ment and the IRS, will be provided in the
future.
(b) Saver’s Match contributions
directed to Roth IRA. The process for
directing Saver’s Match contributions to
a Roth IRA would be similar to the pro-
cess for directing Saver’s Match contribu-
tions to a traditional IRA, except that the
Treasury Department would not make the
Saver’s Match contribution directly to the
Roth IRA.
25
Instead, the Treasury Depart-
ment would establish a conduit traditional
IRA for the eligible individual, and there
would be an immediate trustee-to-trustee
transfer from the conduit IRA to the eli-
gible individual’s chosen Roth IRA. This
transfer would be a Roth IRA conversion
that would be subject to federal income
tax and reporting described in Treas.
Reg. § 1.408A-4. In addition, the trans-
fer would be subject to the withholding
rules under section 3405. Payments made
through a transfer from a conduit IRA to a
Roth IRA would not be treated as contri-
butions made directly from the Treasury
Department. As described in Q&A I-4
of this notice regarding rules that apply
following a rollover or trustee-to-trustee
transfer, this type of trustee-to-trustee
transfer would be treated like any other
trustee-to-trustee transfer and would not
be subject to special Saver’s Match con-
tribution rules.
An eligible individual would need to
establish a Roth IRA with a Roth IRA pro-
vider that is registered with the Treasury
Department and the IRS before submit-
ting a Form 8880-A in order to receive
24
If an eligible individual has a traditional IRA maintained by a traditional IRA provider that is not registered with the Treasury Department and the IRS, and the individual wants to direct a
Saver’s Match contribution to that pre-existing traditional IRA, then the individual could establish a traditional IRA with a traditional IRA provider that has registered before filing a Form
8880-A and provide on the Form 8880-A an IRA tracking number associated with the traditional IRA provider that has registered. After the eligible individual’s Saver’s Match contribution is
directly paid to that traditional IRA, the individual could direct a trustee-to-trustee transfer to the traditional IRA associated with the traditional IRA provider that is not registered.
25
An IRA provider that will accept Saver’s Match contributions both with respect to traditional IRAs and with respect to Roth IRAs would need to register both as a traditional IRA provider
and a Roth IRA provider, and distinct IRA tracking numbers would be generated with respect to the provider’s traditional IRAs and Roth IRAs.

Bulletin No. 2026–35 193 August 24, 2026
the IRA tracking number.
26
More infor-
mation about how an eligible individual
who wants to direct payment of a Saver’s
Match contribution to a Roth IRA would
make that choice and how a Roth IRA
provider that is willing to accept Saver’s
Match contributions would register with
the Treasury Department and the IRS will
be provided in the future.
Q. E-3: How would an eligible indi-
vidual direct payment of a Saver’s Match
contribution to a retirement plan?
A. E-3: An eligible individual who
wants to direct a Saver’s Match contribu-
tion to a retirement plan would be able to
choose that result on the eligible individ-
ual’s Form 8880-A claiming the Saver’s
Match contribution. The Treasury Depart-
ment and the IRS are considering at least
three paths for a Saver’s Match contribu-
tion to be directed to an eligible individ-
ual’s chosen retirement plan as described
in paragraphs (a), (b), and (c) of this Q&A
E-3. As noted in section V of this notice,
comments are requested on the best way
for eligible individuals to direct Saver’s
Match contributions to a chosen retire-
ment plan, including whether retirement
plans (or recordkeepers or service provid-
ers for the plans) should provide registra-
tion information to the Treasury Depart-
ment and the IRS, and whether there are
other ways to streamline the claiming of
Saver’s Match contributions.
(a) Registration Path. The Registration
Path would allow retirement plans that
accept rollover contributions (or record-
keepers or service providers for those
plans) to provide registration information
directly to the Treasury Department and
the IRS to facilitate payment of Saver’s
Match contributions on behalf of an eli-
gible individual. Under this Registration
Path, the Treasury Department would
automatically establish a conduit IRA
for that individual, and the conduit IRA
would then immediately roll over the Sav-
er’s Match contribution to the retirement
plan that has registered with the Treasury
Department and the IRS. Comments are
also requested as to whether there are
ways to update informational returns that
are required to be filed with the IRS to
streamline the payment of Saver’s Match
contributions under the Registration Path.
Payments made through a rollover from
a conduit IRA to a retirement plan under
the Registration Path would not be treated
as contributions made directly from the
Treasury Department. As described in
Q&A I-4 of this notice regarding rules
that apply following a rollover or trust-
ee-to-trustee transfer, this type of rollover
would be treated like any other rollover
and would not be subject to special Sav-
er’s Match contribution rules.
(b) Automatic Match Path. The Auto-
matic Match Path would allow retirement
plans (or recordkeepers or service pro-
viders) to provide plan-level and partic-
ipant-level information to the Treasury
Department and the IRS to facilitate pay-
ment of Saver’s Match contributions on
behalf of any eligible individual. This
information could be similar to the infor-
mation provided by retirement plans to
implement existing auto-portability of an
inactive participant’s retirement account
from a former employer’s retirement plan
to the participant’s active account in a new
employer’s retirement plan, as contem-
plated by section 120 of the SECURE 2.0
Act. Under this Automatic Match Path,
a Saver’s Match contribution would be
automatically paid directly to the retire-
ment plan that has provided the plan-level
and participant-level information that
facilitates a match between the eligible
individual and the retirement plan.
(c) Rollover Path. The Rollover Path
would allow the Treasury Department to
establish a conduit IRA and the eligible
individual to initiate a rollover of Saver’s
Match contributions from the conduit IRA
to a retirement plan chosen by the indi-
vidual. Under this path, (1) the IRS would
provide a Saver’s Match Confirmation
Number to an individual who makes a
claim for, and demonstrates eligibility for,
a Saver’s Match contribution, (2) the indi-
vidual would provide the IRS-provided
Saver’s Match Confirmation Number to
the individual’s chosen retirement plan,
and (3) the chosen retirement plan would
provide identifying information to the
Treasury Department about the individual
and the retirement plan. Then, based on
that identifying information, the Treasury
Department would pay the Saver’s Match
contribution to a conduit IRA established
by the Treasury Department, and the con-
duit IRA would immediately roll over the
Saver’s Match contribution to the individ-
ual’s chosen retirement plan.
Payments made through a rollover from
a conduit IRA to a retirement plan under
the Rollover Path would not be treated as
contributions made directly from the Trea-
sury Department. As described in Q&A
I-4 of this notice regarding rules that apply
following a rollover or trustee-to-trustee
transfer, this type of rollover would be
treated like any other rollover and would
not be subject to special Saver’s Match
contribution rules.
F. Reporting
Q. F-1: Would any special reporting
obligations apply with respect to retire-
ment plans that receive Saver’s Match
contributions directly from the Treasury
Department?
A. F-1: Pursuant to reporting changes
directed by section 103(c)(2) of the
SECURE 2.0 Act, a form in the Form
5500 series
27
that is filed with respect
to a retirement plan that receives Sav-
er’s Match contributions directly from
the Treasury Department during a plan
year would need to include the aggregate
amount of Saver’s Match contributions to
the retirement plan received directly from
the Treasury Department for all eligible
individuals during the plan year. Also, if
that retirement plan subsequently makes
a distribution, the distribution would
need to be reported on Form 1099-R,
Distributions from Pensions, Annuities,
Retirement or Profit-Sharing Plans, IRAs,
26
If an eligible individual has a Roth IRA maintained by a Roth IRA provider that is not registered with the Treasury Department and the IRS, and the individual wants to direct a Saver’s Match
contribution to that pre-existing Roth IRA, then the individual would need to establish a traditional IRA with a traditional IRA provider that has registered before filing a Form 8880-A and
would need to provide on the Form 8880-A an IRA tracking number associated with the traditional IRA provider that has registered. After the eligible individual’s Saver’s Match contribution
is directly paid to that traditional IRA, the individual could direct a trustee-to-trustee transfer to the Roth IRA associated with the Roth IRA provider that is not registered. This transfer would
be a Roth IRA conversion.
27
This includes Form 5500, Annual Return/Report of Employee Benefit Plan, Form 5500-EZ, Annual Return of a One-Participant (Owners/Partners and Their Spouses) Retirement Plan or
A Foreign Plan, and Form 5500-SF, Short Form Annual Return/Report of Small Employee Benefit Plan.

August 24, 2026 194 Bulletin No. 2026–35
Insurance Contracts, etc., in the same
manner as a distribution of other pre-tax
contributions. However, no additional
Form 1099-R reporting would be needed
(for instance, no additional boxes or lines
on Form 1099-R would need to be com-
pleted) merely because a retirement plan
has received Saver’s Match contributions
directly from the Treasury Department
with respect to an individual and a distri-
bution to the individual from the retire-
ment plan might be subject to the Saver’s
Match recovery tax. See Q&A H-2 of this
notice relating to the reporting of distribu-
tions of erroneous Saver’s Match contri-
butions.
Q. F-2: Would any special reporting
obligations apply to IRAs because they
receive Saver’s Match contributions
directly from the Treasury Department?
A. F-2: Pursuant to reporting changes
directed by section 103(c)(2)(B) of the
SECURE 2.0 Act, a Form 5498, IRA
Contribution Information, that is filed
with respect to an IRA that receives
Saver’s Match contributions directly
from the Treasury Department during a
calendar year would need to include the
aggregate amount of Saver’s Match con-
tributions to the IRA received directly
from the Treasury Department during
the calendar year. Also, if that IRA sub-
sequently makes a distribution, the dis-
tribution would need to be reported on
Form 1099-R in the same manner as a
distribution of other pre-tax contribu-
tions. Thus, for example, no additional
Form 1099-R reporting would be needed
(for instance, no additional boxes or
lines on Form 1099-R would need to be
completed) merely because the IRA has
received Saver’s Match contributions
directly from the Treasury Department
and a distribution from the IRA might
be subject to the Saver’s Match recovery
tax. See Q&A H-2 of this notice relating
to the reporting of distributions of erro-
neous Saver’s Match contributions.
G. Treatment of Saver’s Match
Contributions for Purposes of
Determining an Applicable Retirement
Savings Vehicle’s Favorable Tax Status
Q. G-1: How are Saver’s Match con-
tributions received by a retirement plan
directly from the Treasury Department
treated for purposes of determining the
retirement plan’s favorable tax status?
A. G-1: Under section 6433(f)(2)(A)
(i) of the Code, an eligible individual’s
Saver’s Match contribution directly paid
by the Treasury Department to an appli-
cable retirement savings vehicle that is a
retirement plan generally is treated as an
elective deferral made by the individual
to the retirement plan. For example, a
Saver’s Match contribution is treated as
an elective deferral for the following pur-
poses: determining whether the retirement
plan must offer an election to a participant
for a direct rollover under section 401(a)
(31)(A); determining whether a partici-
pant’s accrued benefit exceeds the dollar
limit for involuntary distributions under
section 411(a)(11); determining a partic-
ipant’s nonforfeitable account balance
to be used in determining the amount of
a loan that the participant may request;
and applying qualified joint and survivor
annuity, required minimum distribution,
and in-plan Roth rollover rules.
In addition, a Saver’s Match contribu-
tion received directly from the Treasury
Department: (1) is not taken into account
with respect to any elective deferral and
catch-up limitations that apply to 401(k),
403(b), or governmental section 457(b)
plans; (2) is disregarded for nondiscrim-
ination testing under section 401(a)(4),
the actual deferral percentage (ADP) test
for 401(k) plans, nonelective contribu-
tions for SIMPLE 401(k) plans, and the
top-heavy test under section 416; and (3)
is not treated as an amount that may be
paid, made available, or distributable to an
eligible individual on account of hardship
or unforeseeable emergency under section
401(k)(2)(B)(i)(IV), 403(b)(7)(A)(i)(V),
or 457(d)(1)(A)(iii). See Q&A I-5 of this
notice regarding hardship and unforesee-
able emergency distribution restrictions
applicable to certain Saver’s Match con-
tributions.
Q. G-2: How are Saver’s Match contri-
butions received by an IRA directly from
the Treasury Department with respect to
an eligible individual treated for purposes
of determining the IRA’s favorable tax
status?
A. G-2: Under section 6433(f)(2)(A)
(ii), a Saver’s Match contribution received
by an IRA directly from the Treasury
Department with respect to an eligible
individual generally is treated as an indi-
vidual retirement plan contribution made
by the eligible individual. However, sec-
tion 6433(f)(2)(B) provides that Saver’s
Match contributions are not taken into
account with respect to any applicable
IRA contribution limitation that applies to
traditional and Roth IRAs.
Q. G-3: For purposes of applying the
limit on retirement plan loans under sec-
tion 72(p)(2)(A), are Saver’s Match con-
tributions received directly from the Trea-
sury Department and attributable earnings
included in the determination of the pres-
ent value of an individual’s nonforfeitable
accrued benefit?
A. G-3: For purposes of applying the
limit on retirement plan loans under sec-
tion 72(p)(2)(A), Saver’s Match contribu-
tions received directly from the Treasury
Department and attributable earnings are
included in the determination of the pres-
ent value of an individual’s nonforfeitable
accrued benefit.
H. Improper Saver’s Match Contributions
Q. H-1: What is an erroneous payment
of a Saver’s Match contribution?
A. H-1: An erroneous payment of a
Saver’s Match contribution is an improper
payment of a Saver’s Match contribution
that is subsequently determined by the
Secretary to be erroneous. For example,
the Secretary may determine that a Sav-
er’s Match contribution was improperly
paid to a destination other than an appli-
cable retirement savings vehicle, to an
individual with MAGI above the applica-
ble eligibility threshold, or to an ineligi-
ble individual (for example, a student or
ineligible nonresident alien). An improper
payment of a Saver’s Match contribution
with respect to an individual is treated
as an erroneous payment on the date the
Secretary issues to the individual a written
notification that the payment of the Sav-
er’s Match contribution was erroneous.
Q. H-2: What special rules apply with
respect to a Saver’s Match contribution
made to an applicable retirement savings
vehicle if the contribution is later deter-
mined to be erroneous?
A. H-2: Several special rules apply
with respect to a Saver’s Match contri-
bution made to an applicable retirement
savings vehicle for an individual if the

Bulletin No. 2026–35 195 August 24, 2026
contribution is later determined to be erro-
neous. First, an erroneous contribution
(determined without regard to attributable
earnings or losses) is treated as an under-
payment of tax, other than for purposes of
accuracy-related and fraud penalties, for
the taxable year in which the Secretary
determines the contribution is erroneous.
Second, if an erroneous contribution with
respect to an individual is distributed
from a retirement plan or IRA not later
than the day prescribed by law (includ-
ing extensions) for filing the individual’s
return for the taxable year of the errone-
ous-contribution determination, then the
distribution is not treated as taxable. The
distribution of an erroneous contribution
is not required to include attributable
earnings, but, if the distribution includes
attributable earnings, those earnings are
treated as taxable. Third, if an erroneous
contribution with respect to an individual
is distributed from a retirement plan or
IRA not later than the day prescribed by
law (including extensions) for filing the
individual’s return for the taxable year of
the erroneous-contribution determination,
then the distribution is not subject to the
10 percent additional tax on early distri-
butions under section 72(t)(1) (and, if the
distribution of the erroneous contribu-
tion includes attributable earnings, those
attributable earnings would also not be
subject to the 10 percent additional tax on
early distributions under section 72(t)(1)).
An individual may request a distribution
(including any attributable earnings) from
a retirement plan or IRA of an erroneous
contribution by submitting to the retire-
ment plan or IRA a copy of the written
notification from the IRS that the Saver’s
Match contribution was erroneous.
28

The IRS is considering adding a code
to the Form 1099-R for distributions of
erroneous contributions that are made
no later than the day prescribed by law
(including extensions) for filing the indi-
vidual’s return for the taxable year of the
erroneous-contribution determination
by the IRS. If a code is added, the Form
1099-R would indicate that neither the
distribution of erroneous contributions nor
any attributable earnings are subject to the
10 percent additional tax on early distri-
butions under section 72(t)(1), and that
only the portion of the distribution attrib-
utable to earnings is subject to income tax.
An applicable retirement savings vehicle
that makes a distribution of an erroneous
payment is not treated as violating any
requirement under section 401, 403, or
457 solely by reason of the distribution
(without regard to whether the distribution
is made on or before the day prescribed by
law (including extensions) for filing the
individual’s return for the taxable year of
the erroneous-contribution determination
by the IRS).
A retirement plan or IRA that receives
a rollover or a trustee-to-trustee transfer
from an applicable retirement savings
vehicle that has received a Saver’s Match
contribution directly from the Treasury
Department would not be required to fol-
low the reporting requirements described
in the prior paragraph. However, if the
distribution of an erroneous contribution
is made from the retirement plan or IRA
not later than the day prescribed by law
(including extensions) for filing the indi-
vidual’s return for the taxable year of the
erroneous-contribution determination by
the IRS, the individual would be permit-
ted to claim that the distribution is not
subject to income tax or to the 10 percent
additional tax on early distributions under
section 72(t)(1) and that any earnings
attributable to the erroneous contribution
are not subject to the 10 percent additional
tax.
I. Miscellaneous Information
Q. I-1: How do Saver’s Match con-
tribution rules apply to eligible individ-
uals whose filing status is married filing
jointly?
A. I-1: In general, if an individual’s fil-
ing status is married filing jointly, eligibil-
ity to claim Saver’s Match contributions
is determined independently for the indi-
vidual and the individual’s spouse. Thus,
for example, Spouse X may be able to
qualify for up to a $1,000 Saver’s Match
contribution by making contributions to
Spouse X’s retirement plan or IRA and
designating Spouse X’s retirement plan or
IRA as a destination for the Saver’s Match
contribution, and Spouse Y may also be
able to qualify for up to a $1,000 Saver’s
Match contribution by making contri-
butions to Spouse Y’s retirement plan or
IRA and designating Spouse Y’s retire-
ment plan or IRA as a destination for the
Saver’s Match contribution. However, for
an individual whose filing status is mar-
ried filing jointly, the individual’s MAGI
is determined as the combined MAGI of
both spouses for purposes of applying
income eligibility and phaseout rules. See
Q&A C-2 of this notice for an example of
Saver’s Match contribution calculations
for individuals whose filing status is mar-
ried filing jointly.
Q. I-2: Are retirement plans or IRAs
required to accept Saver’s Match contri-
butions directly from the Treasury Depart-
ment?
A. I-2: Neither retirement plans nor
IRAs are required to accept Saver’s Match
contributions directly from the Treasury
Department.
29
However, because Sav-
er’s Match contributions represent a new
approach to promoting retirement savings
and an important opportunity to improve
the long-term financial security for low- to
moderate-income Americans, the Treasury
Department and the IRS encourage retire-
ment plans and IRAs to consider accept-
ing such contributions. If a retirement plan
or traditional IRA accepts Saver’s Match
contributions directly from the Treasury
Department, acceptance of the Saver’s
Match contributions would not cause the
retirement plan or traditional IRA to be
treated as violating any requirement under
section 401, 403, 408, or 457 solely by
reason of accepting the contribution. As
described in Q&A I-4 of this notice, roll-
overs and trustee-to-trustee transfers from
28
An individual that receives a distribution of an erroneous payment later than the day prescribed by law (including extensions) for filing the individual’s return for the taxable year of the
determination will be subject to regular taxation rules, including the 10 percent additional tax on early distributions under section 72(t)(1), on such distribution (even though the erroneous
payment has been treated as an underpayment of tax).
29
In addition, section 6433 does not impose any consistency or uniformity requirements for retirement plans and IRAs that choose to accept Saver’s Match contributions. For example, a
multi-employer plan under section 413(b) or a multiple employer plan under section 413(c) may allow each participating employer to choose independently whether to accept Saver’s Match
contributions.

August 24, 2026 196 Bulletin No. 2026–35
retirement plans or traditional IRAs that
have previously received Saver’s Match
contributions directly from the Treasury
Department are treated like any other roll-
over or trustee-to-trustee transfer and are
not subject to special Saver’s Match con-
tribution rules.
Q. I-3: May a retirement plan admin-
istrator include language about Saver’s
Match contributions in an annual notice
describing an eligible employee’s oppor-
tunity to make elective contributions
under the retirement plan?
A. I-3: Yes. A retirement plan adminis-
trator may include language about Saver’s
Match contributions in an annual notice
describing an eligible employee’s oppor-
tunity to make elective contributions.
30

This Q&A I-3 provides model safe harbor
language about Saver’s Match contribu-
tions that could be included in an annual
notice for 2027.
Saver’s Match from the Federal
Government
A new financial incentive to save for
retirement
Under the federal government’s new
Saver’s Match program to promote retire-
ment savings, the federal government will
contribute as much as $1,000 to a retire-
ment plan or IRA of a qualifying low- or
moderate-income individual who saves for
retirement. For 2027, the income limit for
receiving any Saver’s Match is $35,500
for a single individual and $71,000 for a
married filing jointly individual. If you
qualify, your Saver’s Match will be up to
50% of $2,000 of your annual contribu-
tions to your plan or IRA.
How to claim your Saver’s Match
You will be able to claim your Saver’s
Match by filing an IRS Form 8880-A with
your 2027 tax return. The Form 8880-A
and related instructions will explain in
detail how to complete your claim. You
will be able to go to those instructions for
more details about the Saver’s Match pro-
gram, including income thresholds, phase-
out ranges, and eligibility rules.
You will be able to choose the
destination for your Saver’s Match
In general, when you file your 2027
Form 8880-A, you will be able to choose
the retirement plan or IRA where your
Saver’s Match will end up. Alternatively,
if your Saver’s Match is less than $100,
you will have the option to instead have
your Saver’s Match treated as a refund-
able income tax credit. You will be able
to go to the 2027 Instructions to Form
8880-A for details about choosing where
your Saver’s Match will end up.
Q. I-4: How are rollovers and trustee-
to-trustee transfers to a retirement plan or
IRA from an applicable retirement savings
vehicle that has received Saver’s Match
contributions directly from the Treasury
Department treated for tax purposes?
A. I-4: Rollovers and trustee-to-trustee
transfers to a retirement plan or IRA from
an applicable retirement savings vehi-
cle (including trustee-to-trustee transfers
from a conduit IRA that are described in
Q&As E-2 and E-3 of this notice) that
has received Saver’s Match contributions
directly from the Treasury Department are
treated like any other rollovers or trustee-
to-trustee transfers. The special tax rules
applicable to Saver’s Match contributions
do not carry over to retirement plans and
IRAs that accept these rollovers and trust-
ee-to-trustee transfers. Thus, for example,
the special reporting rules applicable to
Saver’s Match contributions as described
in Q&As F-1 and F-2 of this notice, the
hardship and unforeseeable emergency
distribution restrictions applicable to
Saver’s Match contributions received by
an applicable retirement savings vehicle
that is a retirement plan as described in
Q&A I-5 of this notice, and the recovery
tax rules would not apply with respect to
amounts held in a retirement plan or IRA
that are attributable to rollovers and trust-
ee-to-trustee transfers received from an
applicable retirement savings vehicle that
had previously received Saver’s Match
contributions directly from the Treasury
Department. In addition, see Q&A H-2
of this notice regarding reporting with
respect to rollovers and trustee-to-trustee
transfers received by a retirement plan or
IRA from an applicable retirement savings
vehicle that had previously received Sav-
er’s Match contributions directly from the
Treasury Department that are determined
to be erroneous.
Q. I-5: Must a retirement plan that
accepts Saver’s Match contributions
directly from the Treasury Department
impose any restrictions on the distribution
of those Saver’s Match contributions that
do not apply to elective deferrals gener-
ally?
A. I-5: Section 6433(f)(2)(C) provides
that Saver’s Match contributions are not
treated as amounts that may be paid, made
available, or distributable to an eligible
individual in the case of a hardship dis-
tribution in a section 401(k) or 403(b)
plans, or an unforeseeable emergency dis-
tribution in a governmental section 457(b)
plan. However, earnings attributable to
Saver’s Match contributions are not sub-
ject to these hardship and unforeseeable
emergency distribution restrictions. These
restrictions also do not apply with respect
to other in-service distributions (such as
emergency personal expense distribu-
tions permitted to be distributed pursuant
to section 72(t)(2)(I)(viii) and qualified
disaster recovery distributions permitted
to be distributed pursuant to section 72(t)
(11)(G)(ii)). In order to implement the
restriction on hardship and unforeseeable
emergency distributions, retirement plans
that allow hardship distributions would
need to separately account for Saver’s
Match contributions.
For purposes of applying the hardship
and unforeseeable emergency distribu-
tion restrictions of section 6433(f)(2)(C),
the type of distribution requested by the
individual controls whether the restric-
tion applies. For example, if an individual
requests a qualified disaster recovery dis-
tribution (and the distribution could have
been requested as a hardship distribution)
and the retirement plan includes Saver’s
30
The Department of Labor has advised the Treasury Department and the IRS that language describing Saver's Match contributions must be included in a Summary Plan Description or a
Summary of Material Modifications if a plan that is subject to Title I of the Employee Retirement Income Security Act of 1974, Pub. L. 93-406, 88 Stat. 829, as amended (ERISA) accepts
Saver’s Match contributions. See 29 CFR § 2510.3-3 and 29 CFR § 2510.104b-3.

Bulletin No. 2026–35 197 August 24, 2026
Match contributions in the requested dis-
tribution, the distribution would not vio-
late the distribution restriction under sec-
tion 6433(f)(2)(C).
Q. I-6: May a retirement plan or IRA
include reasonable conditions on accep-
tance of Saver’s Match contributions
directly from the Treasury Department?
A. I-6: A retirement plan or IRA may
include reasonable conditions on accep-
tance of an eligible individual’s Saver’s
Match contributions directly from the
Treasury Department. For example, a
retirement plan may provide for accep-
tance of Saver’s Match contributions
only with respect to participants who are
currently employed by a participating
employer or with respect to participants
who have account balances under the
retirement plan.
Q. I-7: Must a retirement plan be
amended in order to accept Saver’s Match
contributions directly from the Treasury
Department?
A. I-7: Yes. A retirement plan must be
amended in order to accept Saver’s Match
contributions directly from the Treasury
Department. The amendment would be a
discretionary amendment. Under section
6.02 of Rev. Proc. 2022-40, 2022-47 IRB
487, the deadline for the adoption of a
discretionary amendment is generally the
end of the plan year in which the retire-
ment plan amendment is operationally put
into effect. For example, in general, for
a calendar-year qualified retirement plan
that begins accepting Saver’s Match con-
tributions during 2028, the deadline for
the adoption of the amendment would be
December 31, 2028. However, in the case
of a governmental plan within the meaning
of section 414(d) or an applicable collec-
tively bargained plan, a later deadline may
apply as described in Q&A J-1 of Notice
2024-2, 2024-2 IRB 316. The Treasury
Department and the IRS anticipate provid-
ing model language relating to acceptance
of Saver’s Match contributions directly
from the Treasury Department.
A retirement plan that accepts rollover
contributions generally would not need
to be amended to accept rollovers from
an applicable retirement savings vehicle
that has received Saver’s Match contribu-
tions directly from the Treasury Depart-
ment (including a rollover from a conduit
IRA that is described in Q&A E-3 of this
notice).
Q. I-8: May a retirement plan that
accepts Saver’s Match contributions
directly from the Treasury Department
be amended prospectively to no longer
accept Saver’s Match contributions with
respect to qualified retirement savings
contributions made after the effective date
of the amendment?
A. I-8: Yes. A retirement plan that
accepts Saver’s Match contributions
directly from the Treasury Department
may be amended prospectively to no lon-
ger accept Saver’s Match contributions
with respect to qualified retirement sav-
ings contributions made after the effective
date of the amendment. Such an amend-
ment would not violate the anti-cutback
rules of section 411(d)(6) of the Code and
section 204(g) of ERISA.
31
V. REQUEST FOR COMMENTS
The Treasury Department and the IRS
request comments on the issues addressed
in this notice. Comments are particularly
requested on the following topics:
• Implementing the Saver’s Match
recovery tax, including methods of
determining losses in an individual’s
account.
• Implementing methods by which an
eligible individual would direct pay-
ment of a Saver’s Match contribution
to an IRA, including:
o The best way to implement antic-
ipated traditional and Roth IRA
registration and designation pro-
cesses, including whether they
should be facilitated in connec-
tion with TrumpIRA.gov; and
o Whether there are ways to update
informational returns that are
required to be filed with the IRS
(including the Form 5498) to
streamline the payment of Sav-
er’s Match contributions with
respect to an IRA and so that the
IRS can validate that a particular
IRA will accept Saver’s Match
contributions.
• Implementing an eligible individu-
al’s choice for Saver’s Match con-
tributions to be directed to a chosen
retirement plan. Paths under consid-
eration are described in Q&A E-3 of
this notice. In particular, comments
are also requested as to whether there
are ways to update informational
returns (including the Form W-2) that
are required to be filed with the IRS
to streamline the payment of Saver’s
Match contributions under the Regis-
tration Path.
• Implementing additional proce-
dures for financial institutions if they
receive improper Saver’s Match con-
tributions from the Treasury Depart-
ment that are not determined by the
Secretary to be erroneous contribu-
tions, for example, if a Saver’s Match
contribution is paid to an account of
an individual who was not intended to
receive it.
Comments should be submitted in
writing on or before October 5, 2026, and
should include a reference to Notice 2026-
48. Comments may be submitted electron-
ically via the Federal eRulemaking Portal
at www.regulations.gov (type “IRS Notice
2026-48” in the search field on the Regu-
lations.gov home page to find this notice
and submit comments). Alternatively,
comments may be submitted by mail to:
Internal Revenue Service
Attn: CC:PA:01:PR (Notice 2026-48),
Room 5503
P.O. Box 7604
Ben Franklin Station
Washington, D.C. 20044.
All commenters are strongly encour-
aged to submit comments electronically.
The Treasury Department and the IRS
will publish for public availability any
comment submitted electronically, or on
paper, to its public docket on regulations.
gov.
31
Section 411(d)(6) generally prohibits retirement plan amendments that decrease accrued benefits. Section 204(g) of ERISA provides parallel rules to the rules of section 411(d)(6) of the
Code. The Secretary has interpretive authority over section 204(g) of ERISA pursuant to Reorganization Plan No. 4 of 1978, 5 USC App.

August 24, 2026 198 Bulletin No. 2026–35
VI. DRAFTING INFORMATION
The principal author of this notice is
the Office of Associate Chief Counsel
(Employee Benefits, Exempt Organiza-
tions, and Employment Taxes). Employ-
ees of the Treasury Department and the
IRS also participated in the drafting of this
notice. For further information regarding
this notice, please call (202) 317-6700
(not a toll-free number).
Guidance on Section 324
of the SECURE 2.0 Act with
Respect to Rollovers
Notice 2026-49
I. PURPOSE
Section 324 of Division T of the
Consolidated Appropriations Act, 2023,
Pub. L. 117-328, 136 Stat. 4459 (2022),
known as the SECURE 2.0 Act of 2022
(SECURE 2.0 Act) provides that the
Secretary of the Treasury or the Secre-
tary’s delegate must develop and issue
guidance, in the form of sample forms
(including relevant procedures and proto-
cols), to simplify, standardize, facilitate,
and expedite the completion of rollovers
to eligible retirement plans and trust-
ee-to-trustee transfers from individual
retirement plans.
This notice provides guidance in
accordance with section 324 of the
SECURE 2.0 Act. Section II of this
notice sets forth general background
information on the rollover process. In
section III of this notice, the Depart-
ment of the Treasury (Treasury Depart-
ment) and the Internal Revenue Service
(IRS) propose a series of sample forms
and proposed rollover procedures,
attached as an Appendix to this notice,
intended to comply with section 324 of
the SECURE 2.0 Act. Section IV of this
notice sets forth additional guidance
under consideration by the Treasury
Department and the IRS. Section V of
this notice provides instructions on how
to submit comments on this notice and
any other aspect of section 324 of the
SECURE 2.0 Act.
II. BACKGROUND
A. Legal Background
Section 401(a)(31) of the Internal Rev-
enue Code (Code) provides that a trust
does not constitute a qualified trust unless
the plan of which the trust is a part pro-
vides that, if the distributee of any eligible
rollover distribution elects to have the dis-
tribution paid directly to an eligible retire-
ment plan and specifies the eligible retire-
ment plan to which the distribution is to be
paid, the distribution will be made in the
form of a direct trustee-to-trustee transfer.
Section 402(a) provides, generally,
that any amount distributed from a trust
described in section 401(a) that is exempt
from tax under section 501(a) is taxable
under section 72 in the taxable year of the
distributee in which distributed.
Section 402(c) provides tax rules for an
amount that is rolled over from a qualified
trust to an eligible retirement plan. Section
402(c)(1) provides, generally, that if any
portion of an eligible rollover distribution
from a section 401(a) qualified retirement
plan is transferred into an eligible retire-
ment plan, the portion of the distribution
so transferred shall not be includible in
gross income in the taxable year in which
paid.
Under section 402(c)(2), the max-
imum portion of an eligible rollover
distribution that may be rolled over in
a transfer to which section 402(c)(1)
applies generally cannot exceed the por-
tion of the distribution that is otherwise
includible in gross income. However,
under section 402(c)(2)(A) and (B), the
general rule does not apply to such distri-
bution to the extent that (A) such portion
is transferred in a direct trustee-to-trustee
transfer to a qualified trust or to an annu-
ity contract described in section 403(b)
and such trust or contract provides for
separate accounting for amounts so trans-
ferred (and earnings thereon), including
separately accounting for the portion
of such distribution which is includible
in gross income and the portion of such
distribution which is not so includible,
or (B) such portion is transferred to an
individual retirement account described
in section 408(a) or an individual retire-
ment annuity described in section 408(b)
(other than an endowment contract).
Section 402(c)(3) provides that section
402(c)(1) will not apply to any transfer
of a distribution made after the 60th day
following the day on which the distributee
received the property distributed.
Section 402(c)(4) defines an eligi-
ble rollover distribution as a distribution
to an employee of all or any portion of the
balance to the credit of the employee in a
qualified trust other than a distribution that
is (A) one of a series of substantially equal
periodic payments (not less frequently
than annually) made for the life (or life
expectancy) of the employee or the joint
lives (or joint life expectancies) of the
employee and the employee’s designated
beneficiary or for a specific period of 10
years or more, (B) a distribution required
under section 401(a)(9), or (C) a distribu-
tion made on account of the employee’s
hardship.
Section 402(c)(8)(B) defines an eligible
retirement plan as an individual retirement
account described in section 408(a) or
individual retirement annuity described in
section 408(b), a qualified trust described
in section 401(a), an annuity plan described
in section 403(a), or an annuity contract
described in section 403(b). An eligible
retirement plan also includes an eligible
deferred compensation plan under section
457(b) that is maintained by a State, politi-
cal subdivision of a State, or any agency or
instrumentality of a State or political subdi-
vision of a State.
Section 402(e)(6) provides that any
amount transferred in a direct trustee-to-
trustee transfer in accordance with section
401(a)(31) will not be includible in gross
income for the taxable year of such transfer.
Section 408(d)(1) provides that any
amount distributed from an individual
retirement account or individual retire-
ment annuity (IRA) generally is included
in the gross income of the payee or distrib-
utee under section 72. However, section
408(d)(3)(A)(ii) provides that, subject to
certain limitations, an amount distributed
from an IRA that is paid into an eligible
retirement plan (as described in section
402(c)(8)) is not included in gross income
if it is paid into the eligible retirement plan
not later than the 60th day after the day
on which the payment or distribution is
received.
Section 408(d)(3)(A)(ii) further pro-
vides that the maximum amount which

Bulletin No. 2026–35 199 August 24, 2026
may be paid from an IRA into an eligible
retirement plan (other than an IRA) as a
rollover contribution may not exceed the
portion of the distribution that otherwise
would have been includible in income.
Section 1.401(a)(31)-1, Q&A-3, pro-
vides, in relevant part, that a direct roll-
over may be accomplished by any reason-
able means of direct payment, including a
wire transfer or the mailing of a check to
the trustee, custodian, or issuer of the eli-
gible retirement plan to which the rollover
is being made. If the payment is made by
wire transfer, the wire transfer must be
directed only to the trustee, custodian, or
issuer of the eligible retirement plan. If the
payment is made by check, the check must
be negotiable only by the trustee, custo-
dian, or issuer of the eligible retirement
plan.
Section 1.401(a)(31)-1, Q&A-4, pro-
vides that a trustee of a plan may accom-
plish a direct rollover by providing a dis-
tributee with a check made payable to the
trustee, custodian, or issuer of another eli-
gible retirement plan for the benefit of the
distributee and instructing the distributee
to deliver the check to the eligible retire-
ment plan.
Section 1.401(a)(31)-1, Q&A-6(a),
provides that, except as provided in Q&A-
6(b), a plan administrator may prescribe
any reasonable procedure for a distributee
to elect a direct rollover, including any
reasonable requirement for information
or documentation from the distributee in
addition to the items of adequate informa-
tion specified in § 31.3405(c)-1(b), Q&A-
7. As an example, Q&A-6(a) provides that
it would be reasonable for the plan admin-
istrator to require that the distributee
provide a statement from the designated
recipient plan that the plan will accept the
direct rollover for the benefit of the dis-
tributee and that the recipient plan is, or
is intended to be, an individual retirement
account, an individual retirement annuity,
a qualified annuity plan described in sec-
tion 403(a), or a qualified trust described
in section 401(a), as applicable.
Section 1.401(a)(31)-1, Q&A-6(b),
provides that a plan will fail to satisfy sec-
tion 401(a)(31) if the plan administrator
prescribes any unreasonable procedure,
or requires information or documentation,
that effectively eliminates or substantially
impairs the distributee’s ability to elect a
direct rollover. As an example, Q&A-6(b)
provides that it would effectively eliminate
or substantially impair the distributee’s
ability to elect a direct rollover if the plan
administrator prescribed any unreason-
able procedure, or required information or
documentation, that effectively eliminated
or substantially impaired the distributee’s
ability to elect a direct rollover. Q&A-6(b)
provides the following as examples: (1)
the recipient plan required the distributee
to obtain an opinion of counsel stating that
the eligible retirement plan receiving the
rollover is a qualified plan or individual
retirement account; (2) the distributing
plan required a letter from the recipi-
ent plan stating that, upon request by the
distributing plan, the recipient plan will
automatically return any direct rollover
amount that the distributing plan advises
the recipient plan was paid incorrectly;
and (3) the distributing plan required, as
a condition for making a direct rollover, a
letter from the recipient plan indemnify-
ing the distributing plan for any liability
arising from the distribution.
Section 1.401(a)(31)-1, Q&A-14(a),
provides that if a plan accepts an invalid
rollover contribution, the contribution
will be treated, for purposes of applying
the qualification requirements of section
401(a) or 403(a) to the receiving plan, as
if it were a valid rollover contribution if
two conditions are satisfied. First, when
accepting the amount from the employee
as a rollover contribution, the plan admin-
istrator of the receiving plan must reason-
ably conclude that the contribution is a
valid rollover contribution. Second, if the
plan administrator of the receiving plan
later determines that the contribution was
an invalid rollover contribution, the plan
administrator must distribute the amount
of the invalid rollover contribution, plus
any earnings attributable thereto, to the
employee within a reasonable time after
such determination.
Under § 1.401(a)(31)-1, Q&A-14(b)
(1), an invalid rollover contribution is an
amount that is accepted by a plan as a roll-
over within the meaning of §1.402(c)-2 (or
as a rollover contribution within the mean-
ing of section 408(d)(3)(A)(ii)) but that is
not an eligible rollover distribution from a
qualified plan (or an amount described in
section 408(d)(3)(A)(ii)) or that does not
satisfy the other requirements of section
401(a)(31), 402(c), or 408(d)(3) for treat-
ment as a rollover or rollover contribution.
Under § 1.401(a)(31)-1, Q&A-14(b)(2), a
valid rollover contribution is a contribu-
tion that is accepted by a plan as a rollover
within the meaning of § 1.402(c)-2(a)(1)
(v), or as a rollover contribution within the
meaning of section 408(d)(3), and that sat-
isfies the requirements of section 401(a)
(31), 402(c), or 408(d)(3) for treatment as
a rollover or rollover contribution.
Section 1.401(a)(31)-1, Q&A-14(c),
provides several examples illustrating
situations in which an administrator of a
receiving plan may reasonably conclude
that a distributing plan is a qualified plan
and that a potential rollover contribution
is a valid rollover contribution.
Revenue Ruling 2014-9, 2014-17 IRB
975, describes two factual scenarios under
which, absent any evidence to the contrary,
a plan administrator may reasonably con-
clude that a potential rollover contribution
is a valid rollover contribution. In the first
scenario, the receiving plan administra-
tor relies on the coding in the distributing
plan’s Form 5500 that indicates the dis-
tributing plan administrator’s representa-
tion that the distributing plan is intended
to be a plan qualified under § 401, 403,
or 408. In the second scenario, the receiv-
ing plan administrator determines that the
source of the funds is a traditional, non-in-
herited IRA where the IRA trustee issued
a check payable to “IRA of Employee A,”
the IRA owner certified that the distribu-
tion included no after-tax amounts, and
the IRA owner had not attained the age to
begin receiving minimum required distri-
butions.
B. Section 324 of the SECURE 2.0 Act
Section 324 of the SECURE 2.0 Act
provides that the guidance in the form of
sample forms must be written in a manner
calculated to be understood by the aver-
age person and used by both transferring
individual retirement plans and eligible
retirement plans (distributing plans) and
individual retirement plans and eligible
retirement plans that receive the trans-
fer (receiving plans). In developing this
guidance, the Treasury Department must
obtain relevant information from partic-
ipants and plan sponsor representatives
and consider potential coordination with

August 24, 2026 200 Bulletin No. 2026–35
sections 319 and 336 of the SECURE 2.0
Act.
1

C. GAO Reports
The Treasury Department and the IRS
reviewed reports released by the Govern-
mental Accountability Office (GAO) that
discuss the rollover process in developing
this guidance. Certain GAO reports were
particularly relevant, including the March
7, 2013, report 401(k) Plans: Labor and
IRS Could Improve the Rollover Process
for Participants, GAO-13-30 (2013 GAO
Report).
The 2013 GAO Report indicates that
the direct rollover process is inefficient
because, lacking uniformity as to what
they require to verify and complete roll-
overs, retirement plans do not have stan-
dard rollover procedures.
2
This lack of
uniformity may lead to confusion and
frustration for participants, who are fre-
quently burdened with completing the
rollover, and who serve as the interme-
diary between a distributing plan and a
receiving plan.
3
The 2013 GAO Report also recom-
mends that the IRS revise existing Trea-
sury Regulations that permit a retirement
plan to mail paper checks to participants
as part of the rollover process. Permitting
a distributing plan to mail a paper check to
a participant puts the onus on the partici-
pant to transmit the check to the receiving
plan, and in the process, the check may be
lost or misplaced. In addition, this indirect
process can take significant time, during
which a participant’s retirement account
does not receive interest or dividends.
4

The 2013 GAO Report indicates that the
“practice of sending direct rollover checks
to participants appears archaic when com-
munications are increasingly conducted
electronically.”
5
The 2013 GAO Report
suggests that the IRS revise the rules so
that direct rollover checks would be sent
only “to the receiving entities to which the
checks are written.”
6
Building on previous reporting, the
January 18, 2024, report 401(k) Plans:
Additional Federal Actions Would Help
Participants Track and Consolidate Their
Retirement Savings, GAO-24-103577
(2024 GAO Report), describes a GAO
survey of 401(k) plan participants who
recently completed a rollover and found
that some participants continue to view
the rollover process as challenging.
7

The 2024 GAO Report also states that
nearly one-third of participants receive
paper checks that they must then send
to a receiving plan.
8
The 2024 GAO
Report notes that resolving challenges
in the rollover process is as important as
ever, because “workers may change jobs
up to 10 or more times during a 40-year
career and accumulate as many retirement
accounts that they would need to track and
manage.”
9
In conversations with the Treasury
Department and the IRS, several stake-
holders described issues and concerns
similar to those included in the GAO
reports. In particular, stakeholders men-
tioned that the rollover process suffers
from a lack of efficiency, consistency,
and uniformity, and is burdensome to
participants. Stakeholders also men-
tioned that it is common for plans to send
and receive paper checks in the rollover
process.
D. IRA-to-IRA Transfers
The GAO Reports focus on rollovers to
or from retirement plans and do not focus
on IRA-to-IRA transfers. IRA-to-IRA trans-
fers usually are completed through the Auto-
mated Customer Account Transfer Service
(ACATS), which is an electronic transfer
system developed to automate and standard-
ize account transfers. In conversations with
the Treasury Department and the IRS, sev-
eral stakeholders described the advantages
of ACATS, including its uniformity and effi-
ciency. The Financial Industry Regulatory
Authority (FINRA) has created a standard,
uniform protocol for electronic transfers via
ACATS that all FINRA member organiza-
tions must agree to utilize before transferring
assets via ACATS.
10
Among other things,
these rules require members to “expedite and
coordinate activities with respect to the trans-
fer,” which allows the receiving organization
to initiate the transfer directly and electroni-
cally without involvement of the participant.
11
III. GUIDANCE
The Treasury Department and the IRS
have developed guidance in the form of
sample forms, which are attached as an
Appendix to this notice. These sample forms
are intended to simplify, standardize, facili-
tate, and expedite the completion of direct
rollovers to or from a retirement plan. The
forms are not intended to be used for IRA-
to-IRA rollovers or transfers, but may be
used for rollovers to or from an IRA.
The sample forms are designed to
effectuate the following protocols: 1) pro-
tecting participants’ personal identifying
information (PII)
12
by the use of encrypted
1
Section 319 of the SECURE 2.0 Act requires the Treasury Department (along with the Department of Labor and the Pension Benefit Guaranty Corporation) to review existing reporting and
disclosure requirements for retirement plans under the Employee Retirement Income Security Act of 1974, Pub. L. 93-406, 88 Stat. 829, as amended, and to provide a report to Congress
on the effectiveness of the applicable reporting and disclosure requirements. Under Section 336 of the SECURE 2.0 Act, the Governmental Accountability Office (GAO) was required to
analyze the notice provided by retirement plan administrators to plan participants in accordance with Code section 402(f) and provide a report to Congress. The GAO published a report
under Section 336 of the SECURE 2.0 Act on May 22, 2024. See GAO, 401(k) Retirement Plan Tax Notices: Federal Actions Can Help Participants Understand Their Distribution Options,
GAO-24-107167 (May 22, 2024).
2
2013 GAO Report at 18.
3
Id. at 19 and 21.
4
Id. at 20.
5
Id. at 45.
6
Id. at 47.
7
2024 GAO Report.
8
Id. at 66.
9
Id. at 87.
10
FINRA Rule 11870.
11
Id.
12
The Department of Labor has noted that it is a best practice for recordkeepers and other service providers responsible for plan-related IT systems and data to encrypt sensitive data stored
and in transit. The Labor Department notes that these IT systems “should implement current, prudent standards for encryption keys, message authentication and hashing to protect the confi-
dentiality and integrity of the data at rest or in transit.” See Department of Labor, Cybersecurity Program Best Practices, https://www.dol.gov/agencies/ebsa/key-topics/retirement-benefits/
cybersecurity/best-practices.

Bulletin No. 2026–35 201 August 24, 2026
data transfers and the creation of a unique
“rollover identification number” (RIN)—
assigned by the receiving plan—in all
communications between the plans with
respect to a rollover; 2) requiring coordi-
nation and communication between plans
to facilitate rollovers and to minimize
participants’ burden; 3) utilizing a stan-
dard set of data so that common terms are
used throughout the rollover process; 4)
requiring plans to verify the accuracy of
information with respect to a participant’s
rollover request and the legitimacy of the
rollover before transferring funds; and 5)
requiring electronic communications and
rollover transfers to the maximum extent
possible.
Consistent with federal policy that
favors the use of electronic payments,
13

plans are encouraged to complete roll-
overs electronically. Although the forms
suggest use of electronic rollover transfers
when possible, they also include protocols
if a distributing plan is unable to com-
plete the rollover electronically. In that
instance, the distributing plan is directed
to make the check payable to the partic-
ipant’s receiving plan “for the benefit”
of the participant and to mail or send the
check directly to the receiving plan.
Plans are encouraged to program the
forms, or the procedures and protocols
included in the forms, into an Application
Programming Interface (API) or for use
on a clearinghouse or other electronic plat-
form. In programming their own forms,
plans are encouraged to standardize and
streamline the rollover process by using
the same data, procedures, and protocols
(including use of a RIN and protection of
participants’ PII) as used in the sample
forms and described in this guidance.
Use of the sample forms and pro-
posed rollover procedures is optional. As
described in section IV of this notice, the
Treasury Department and the IRS are con-
sidering additional guidance on rollover
procedures. The Treasury Department and
the IRS are not currently providing safe
harbors based on the use of the sample
forms and proposed rollover procedures.
Stakeholders are encouraged to provide
comments on the sample forms and pro-
posed rollover procedures, as discussed in
section V of this notice. After considering
these comments, the Treasury Department
and the IRS will consider providing safe
harbors based on the use of the sample
forms and proposed rollover procedures,
as discussed in section IV of this notice.
IV. ADDITIONAL GUIDANCE
UNDER CONSIDERATION
REGARDING SECTION 324 OF THE
SECURE 2.0 ACT
The Treasury Department and the IRS
are considering additional guidance on
protocols or procedures that would sim-
plify, standardize, facilitate, and expe-
dite the rollover process in furtherance
of section 324 of the SECURE 2.0 Act.
This section describes the guidance under
consideration, and section V of this notice
requests comments on the issues raised.
1. Guidance amending (a) Treasury
Regulations under § 1.401(a)(31)-1
to remove Q&A-4, which allows
paper checks to be sent to participants
to complete a direct rollover, and (b)
Revenue Ruling 2014-9 to remove
the safe harbor in Situation 2.
2. Guidance that would require admin-
istrators and trustees to complete roll-
overs via electronic transfers or paper
checks mailed or sent directly to the
receiving plan.
3. Guidance providing for new safe har-
bors based on the use of sample forms
similar to the sample forms attached
as an Appendix to this Notice. For
example, this guidance could indicate
that if the sample forms are used, the
receiving administrator or trustee is
permitted, absent any evidence to the
contrary, to reasonably conclude that
the distributing plan is tax-qualified
and that the potential rollover contri-
bution is a valid rollover contribution.
Similarly, the guidance could include
a safe harbor that the distributing
administrator or trustee is permitted,
absent any evidence to the contrary, to
reasonably conclude that no withhold-
ing on the rollover contribution is nec-
essary. However, these safe harbors
would apply only to the transferability
of a rollover and not to any require-
ments that apply to a distributing plan
in making a distribution, for example,
obtaining spousal consent or making a
required minimum distribution.
4. Guidance providing that certain prac-
tices constitute impermissible pro-
cedures, in addition to those listed
under § 1.401(a)(31)-1, Q&A-6(b).
For example, this guidance could
clarify that requiring use of a Medal-
lion Signature Guarantee or distri-
bution letters and other burdensome
requests would be impermissible. In
addition, guidance could provide that
it is impermissible for a distributing
plan to prevent a participant from
choosing to complete a rollover via
electronic transfer to a receiving plan,
assuming both plans have capability
for such an electronic transfer.
The Treasury Department and the IRS
acknowledge that any guidance requiring
electronic transfers or eliminating the use
of transfers by paper check would require
administrators and trustees to update
administrative procedures for processing
rollover requests and distributions. The
Treasury Department and the IRS also
acknowledge that completing rollovers
via electronic transfers may require elec-
tronic infrastructure and processes that
have not been built or established at this
time. Accordingly, any such guidance
would not be effective until administrators
and trustees have been given sufficient
time to implement changes to their sys-
tems to comply with such guidance.
V. REQUEST FOR COMMENTS
The Treasury Department and the IRS
invite comments and suggestions regard-
ing the matters discussed in section IV
of this notice, the sample forms in the
Appendix, and any other aspect of sec-
13
This policy is reflected in Executive Order 14247, Modernizing Payments To and From America’s Bank Account, signed on March 25, 2025, which directed the Treasury Department, in
coordination with the IRS and other federal agencies, to transition to fully electronic federal payments. The purposes of EO 14247 are to defend against financial fraud and improper payments,
increase efficiency, reduce costs, and enhance the security of federal payments. For example, EO 14247 states that Treasury Department checks are over 16 times more likely to be lost, stolen,
altered, or delayed than electronic payments. For more information, see “Modernizing payments to and from America’s bank account” on the IRS website.

August 24, 2026 202 Bulletin No. 2026–35
tion 324 of the SECURE 2.0 Act. In par-
ticular, the Treasury Department and the
IRS request comments on section IV of
this notice, including whether and how
future guidance could foster the adoption
of technology standards, platforms, or
automated solutions that would simplify
and facilitate the rollover process, and
what time frames would be necessary to
implement the guidance. The Treasury
Department and the IRS seek comments
on how stakeholders could be encouraged
to develop new or expanded procedures
that minimize administrative burdens for
participants and protect them from unnec-
essary cost and confusion.
Comments should be submitted in
writing on or before October 23, 2026,
and should include a reference to Notice
2026-49. Comments may be submitted
electronically via the Federal eRulemak-
ing Portal at www.regulations.gov (type
“IRS-2026-0100” in the search field on
the Regulations.gov home page to find
this notice and submit comments). Alter-
natively, comments may be submitted by
mail to: Internal Revenue Service, Attn:
CC:PA:01:PR (Notice 2026-49), Room
5503, P.O. Box 7604, Ben Franklin Sta-
tion, Washington, DC 20044.
The Treasury Department and the IRS
will publish for public availability any
comment submitted electronically or on
paper to their public docket.
VI. DRAFTING INFORMATION
The principal author of this notice is
Gregory Burns of the Office of Associ-
ate Chief Counsel (Employee Benefits,
Exempt Organizations, and Employ-
ment Taxes). However, other personnel
from the Treasury Department and the
IRS participated in the development of
this guidance. For further information
regarding this notice, contact Gregory
Burns at (202) 317-6700 (not a toll-free
number).

Bulletin No. 2026–35 203 August 24, 2026
APPENDIX: SAMPLE FORMS AND PROPOSED ROLLOVER PROCEDURES
This appendix contains four sample forms and proposed rollover procedures for plan administrators and IRA trustees to use for
purposes of completing an individual’s (Participant’s) request to roll over the Participant’s retirement savings from an employer plan
or IRA (Distributing Plan) to another employer plan or IRA (Receiving Plan), where one or both plans is an employer plan and no
more than one of the plans is an IRA. The forms are not intended to be used for IRA-to-IRA rollovers or transfers.
These sample forms contemplate five sequential proposed rollover procedures to complete a Participant’s rollover request:
• Step 1: the Participant submits a rollover request to the Receiving Plan using Form 1 (Participant’s Rollover Request), including
an executed Participant’s Rollover Request Authorization.
• Step 2: the Receiving Plan submits the Participant’s rollover request to the Distributing Plan using Form 2 (Receiving Plan’s
Request to Distributing Plan) with the Participant’s Rollover Request Authorization attached.
• Step 3: the Distributing Plan verifies the accuracy of the information on Form 1. Following verification, the Distributing Plan
uses Form 3 (Distributing Plan’s Rollover Certification) to transmit information to the Receiving Plan about the Participant’s
Distributing Plan account, including the possible rollover transfer methods.
• Step 4: the Receiving Plan verifies that it can receive the rollover. Following verification, the Receiving Plan uses Form 4
(Receiving Plan’s Rollover Acceptance) to accept the rollover and select one of the rollover transfer methods offered by the
Distributing Plan.
• Step 5: the Distributing Plan transfers the rollover to the Receiving Plan using the selected rollover transfer method.
Plans may modify the forms as necessary, including to comply with applicable law (for example, federal and state privacy laws).
Plans may provide specific information supplementing or clarifying the information requested on the forms in the spaces provided or
as an addendum to the forms. Plans may also program the forms into an API or for use on a clearinghouse or other electronic platform.
Use of the sample forms is optional. However, plans are encouraged to use the rollover procedures described in this Appendix,
consistent with the procedures and protocols described in section III of this notice. Accordingly, plans are encouraged to include the
rollover procedures and protocols when using any alternate programming or forms, especially because other plans may use the sam-
ple forms. If a plan elects to use the sample forms the plan should complete the form as fully as possible, to avoid unnecessary delay.
To the extent that information is transmitted electronically, plans should use a system that uses data encryption to protect a Par-
ticipant’s personal identifying information (PII).

For purposes of easily identifying a specific rollover requested by a Participant and
reducing the transmission of the Participant’s PII, the forms require the use of a rollover identification number (RIN), which is gen-
erated by use of a unique code, such as a 20-digit alphanumeric combination. Plans should include the RIN on all forms and other
communications with respect to the identified rollover request.
To protect a Participant’s PII, the forms must be transmitted securely. If a plan does not have the means to securely transmit a form,
it should first contact the other plan to discuss how to securely transmit the information on the form.
The following are the steps of the proposed rollover procedure.
Step 1: Participant submits Rollover Request to Receiving Plan
A Participant fills out Form 1 (Participant’s Rollover Request), including the Participant’s Rollover Request Authorization, and
securely transmits that form to the Receiving Plan. The purpose of Form 1 is for the Receiving Plan to have enough information
about the Distributing Plan so that it can establish a secure line of communication with the Distributing Plan regarding the requested
rollover. A Participant should contact either the Distributing Plan or Receiving Plan if the Participant does not know or have access
to the information required. The Receiving Plan should immediately inform the Participant if any necessary information on Form 1
is incomplete or if its administrator or trustee cannot accept the rollover.
Form 1 gives the Receiving Plan authorization to act on the Participant’s behalf to request a rollover from the Distributing Plan.
Form 1 assumes that the Participant requesting the rollover already has an account in the Receiving Plan. To prevent unnecessary
delay, the Receiving Plan may make Form 1 applicable only to existing accounts. Or it may permit the Participant to open an account
in the plan at any time before the Receiving Plan securely transmits Form 4 to the Distributing Plan.
To simplify the rollover process, Receiving Plans are encouraged to make Form 1 available electronically, including by use of fill-
able PDFs or online form fields that are securely transmitted. Distributing Plans are also encouraged to include information necessary
to complete Form 1 on their websites. In the alternative, plans are encouraged to inform Participants on their websites how they may
request Form 1 and information necessary to complete Form 1.
Step 2: Receiving Plan submits Rollover Request and Authorization to Distributing Plan
Upon receiving Form 1 from a Participant, the Receiving Plan should (1) create a RIN and add it to the Participant’s Rollover
Request Authorization (attached to Form 1) and (2) complete Form 2 (Receiving Plan’s Request to Distributing Plan). The Receiving
Plan should then securely transmit Form 2, together with a copy of Participant’s Rollover Request Authorization (attached to Form
1), to the Distributing Plan.

August 24, 2026 204 Bulletin No. 2026–35
On Form 2, the Receiving Plan selects one or more methods that may be used to securely
communicate with the Receiving Plan. The Receiving Plan also selects one or more methods by which
it can accept a rollover transfer from the Distributing Plan. The Receiving Plan should select electronic
communications and rollover transfer methods that it can use. The Receiving Plan should also provide
the name and contact information (including address, e-mail, and phone number) of a person who the
Distributing Plan may contact to resolve any issues with respect to the rollover request.
Step 3: Distributing Plan verifies accuracy of Rollover Request and securely transmits information about the Participant’s
Distributing Plan account to Receiving Plan
Upon receiving Form 2 from the Receiving Plan, the Distributing Plan should take steps to independently verify the information
on the form. This could include verifying that the Participant is eligible to take a distribution (including obtaining necessary spousal
consent) and verify that the Participant’s name, last four digits of the Participant’s Social Security number (SSN), and the Partici-
pant’s date of birth match the plan’s records. The Distributing Plan should also take steps to ensure that the Participant has requested
a rollover. For example, the plan could deploy phishing-resistant multi-factor authentication to validate the request. The plan could
also work with an established financial intermediary to facilitate and verify the accuracy of the transfer request, similar to what is
commonly used in ACATS transfers involving IRAs.
Upon verifying the rollover request, the Distributing Plan should complete Form 3 (Distributing Plan’s Rollover Certification) and
securely transmit the form to the Receiving Plan. The Distributing Plan should use any of the communication methods selected by the
Receiving Plan on Form 2 to transmit Form 3 and any other correspondence to the Receiving Plan with respect to the rollover request.
The Distributing Plan should contact the Receiving Plan if it is unable to use any of the selected methods.
On Form 3, the Distributing Plan should select methods that it can use to transfer the rollover to the Receiving Plan and that match
the methods selected by the Receiving Plan on Form 2. The Distributing Plan should select an electronic transfer method if it can use
one. The Distributing Plan should also provide the name and contact information (including address, e-mail, and phone number) of a
person who the Receiving Plan may contact to resolve any issues with respect to the rollover request.
These forms do not address other requirements that apply to the Distributing Plan in making a distribution, including compliance
with spousal consent and required minimum distribution rules. If there is a need for additional information, a plan requirement to
meet, or an issue to resolve before a rollover can occur, the Distributing Plan should contact the Receiving Plan to resolve the issue
before completing Form 3. If the Distributing Plan cannot verify that the Participant has requested a rollover and is eligible to take
a distribution (including obtaining necessary spousal consent), the Distributing Plan should notify the Receiving Plan of the issue
without completing Form 3. The Receiving Plan should then notify the Participant of the issue.
Step 4: Receiving Plan approves Rollover Request and securely transmits selected Transfer Method to Distributing Plan
Upon receiving Form 3 from the Distributing Plan, the Receiving Plan should complete Form 4 (Receiving Plan’s Rollover
Acceptance) and securely transmit it to the Distributing Plan. On Form 4, the Receiving Plan selects the method that will be used to
transfer the rollover from the Distributing Plan to the Receiving Plan, providing its account number or mailing address for the selected
method. The Receiving Plan should select an electronic transfer method if the Distributing Plan has indicated on Form 3 that it can
use one. The Receiving Plan selects the method of transfer so that it is aware to expect the transfer using that method. The Receiving
Plan may permit more than one electronic method of transfer.
If a check is the only possible transfer method that both plans can use, the Receiving Plan should require that the check be pay-
able to the Receiving Plan for the benefit of the Participant (including the RIN in the check memo) and mailed or sent directly to the
Receiving Plan’s mailing address.
If there is a need for additional information, a plan requirement to meet, or an issue to resolve before a rollover can occur, the
Receiving Plan should contact the Distributing Plan to resolve the issue before filling out Form 4.
Step 5: Distributing Plan transfers Rollover to Receiving Plan
Upon receiving Form 4, the Distributing Plan should promptly and securely transfer the Participant’s requested rollover to the
Receiving Plan using the account number or mailing address provided by the Receiving Plan on Form 4. The Receiving Plan should
contact the Distributing Plan if it does not receive the transfer within a reasonable time after the date the Receiving Plan transmitted
Form 4 to the Distributing Plan.

Bulletin No. 2026–35 205 August 24, 2026
Form 1: Participant’s Rollover Request
Use this form if you (Participant) want to move your retirement savings currently held in an employer’s plan or an IRA (Distributing
Plan) into an account in a different employer plan or IRA (Receiving Plan). (Do not use this form for an IRA-to-IRA transfer.) Contact
either the Distributing Plan or Receiving Plan if you do not know or have access to the information required on this form.
1. PARTICIPANT INFORMATION
• Full Name:
• SSN last 4 digits:
• Date of Birth:
• Receiving Plan or IRA Account Number (if opened):
• Address:
• Preferred Contact (phone and/or e-mail):
2. DISTRIBUTING PLAN INFORMATION
• Employer/Plan Name (if employer plan):
• Plan Number and/or Account Number:
• Administrator or Trustee Name:
o TIN (if provided):
o Address (if provided):
o Phone (if provided):
o Fax and/or e-mail (if provided):
o Contact Person’s Name (if provided):
3. DISTRIBUTING PLAN ACCOUNT TYPE (specify only one account type per form)
☐ Qualified Plan (including 401(k) Plan)
☐ 403(b) Plan
☐ 457(b) Plan
☐ Traditional IRA (including SEP or SIMPLE IRA)
4. AMOUNT AND TYPE IN DISTRIBUTING PLAN ACCOUNT TO MOVE (check all that apply)
☐ Entire amount
☐ Entire pre-tax amount
☐ Entire Roth amount
☐ Specific amount(s) (specify type and percentage): ______________________

August 24, 2026 206 Bulletin No. 2026–35
[This page to be sent to Distributing Plan Administrator or Trustee.]
Participant’s Rollover Request Authorization
By signing below, I confirm that:
• T o the best of my knowledge, all information provided on this form is correct, and the distribution qualifies as an eligible rollover
distribution.
• I authorize and direct the Receiving Plan to contact the Distributing Plan administrator or trustee listed above.
• I authorize and direct the administrator or trustee of the Distributing Plan to roll over the specified amount in the Distributing
Plan to the Receiving Plan via an electronic transfer.
• I authorize and direct the administrator or trustee of the Receiving Plan to coordinate with the administrator or trustee of the
Distributing Plan to take any necessary steps required to achieve the rollover and to notify me if there are any issues.
• I authorize and direct the Distributing Plan to take any necessary actions required to achieve the rollover, including liquidating
any investment positions, closing the account, and assessing any fees under the terms of the Distributing Plan account.
• I understand the type of retirement savings (pre-tax or Roth) remains the same.
• I understand the Receiving Plan will invest the assets rolled into the Receiving Plan according to my investment election with
the Receiving Plan (or the Receiving Plan’s default investment if I have not made an election).
Signature: ______________________________________ Date: ________________
Printed Name:
SSN last 4 digits:
Date of Birth:
Receiving Plan Name:
_________________________________________________________________________________________________________
TO BE ASSIGNED by Receiving Plan or IRA Administrator or Trustee
Rollover ID Number (RIN) for this rollover request:
FORM INSTRUCTIONS:
Rollover ID Number: The Receiving Plan assigns a rollover ID number to this rollover request, and Plans must include it on all
correspondence with respect to this rollover.

Bulletin No. 2026–35 207 August 24, 2026
Form 2: Receiving Plan’s Request to Distributing Plan
On behalf of the plan participant or IRA owner named below (Participant), the plan or IRA named below (Receiving Plan) requests
a rollover from the plan or IRA named below (Distributing Plan). This form confirms that the Receiving Plan will accept a retire-
ment savings rollover from the Distributing Plan, as requested by the Participant in the attached Rollover Request Authorization,
in accordance with applicable provisions of the Internal Revenue Code and the information Receiving Plan has received from the
Participant, as provided on this form, pending the Distributing Plan’s certification that the rollover is eligible and the Distributing
Plan is tax-qualified.
1. PARTICIPANT INFORMATION
• Full Name:
• SSN last 4 digits:
• Date of Birth:
2. ROLLOVER ID NUMBER (RIN):
3. DISTRIBUTING PLAN NAME AND OTHER INFORMATION:
4. DISTRIBUTING PLAN ACCOUNT TYPE (specify only one account type per form)
☐ Qualified Plan (including 401(k) Plan)
☐ 403(b) Plan
☐ 457(b) Plan
☐ Traditional IRA (including SEP or SIMPLE IRA)
5. AMOUNT AND TYPE PARTICIPANT REQUESTED TO MOVE
☐ Entire amount
☐ Entire pre-tax/traditional IRA amount
☐ Entire Roth amount
☐ Specific amount(s) (specify type and percentage): _____________________
6. RECEIVING PLAN INFORMATION
• Employer/Plan Name (if employer plan):
• Plan Number and/or Account Number:
• Administrator or Trustee Name:
o TIN:
o Address:
o Phone:
o Fax and/or e-mail:
o Name of Specific Person to Resolve Issues:
o Phone of Specific Person:
o E-mail of Specific Person:
o Address and Fax of Specific Person if different than above:
7. ACCEPTABLE ROLLOVER METHODS (check all that are possible)
☐ ACH
☐ Electronic Platform or Clearinghouse, as specified: ________________________
☐ Other, as specified: _________________________________________________
8. PREFERRED COMMUNICATION METHODS (check or number preference order)
☐ By e-mail: _____________________________________________________________________________________________
☐ By fax: _______________________________________________________________________________________________
☐ By secure portal or electronic platform: ______________________________________________________________________
☐ Other: ________________________________________________________________________________________________
9. PROVIDE ANY ADDITIONAL INFORMATION:

August 24, 2026 208 Bulletin No. 2026–35
10. CERTIFICATION
To the best of my knowledge, all information provided is correct, the Receiving Plan is tax-qualified, and these amounts are eligible
for rollover to the Receiving Plan.
Print Name: ______________________________________________________________________________________________
Title: ____________________________________________________________________________________________________
Authorized Signature: ______________________________________________________________________________________
Date: ________________
FORM INSTRUCTIONS
Rollover ID Number: Plans must include the RIN assigned by the Receiving Plan on all correspondence with respect to this rollover.
Acceptable Rollover and Preferred Communication Methods: The Receiving Plan should indicate which methods it is able to use.
The Distributing Plan should contact the Receiving Plan if it cannot use a method selected by the Receiving Plan.
Return Distributing Plan Certification (Form 3) to Receiving Plan: Once the Distributing Plan is ready to transfer the rollover
funds to the Receiving Plan, the Distributing Plan should fill out and send Form 3 (separate from and before transferring the funds)
to the Receiving Plan, using a preferred communication method of the Receiving Plan.
Do Not Transfer Rollover until Instructed: The Distributing Plan should not transfer the rollover funds until it receives the Receiv-
ing Plan’s confirmation on a separate form (Form 4) that it is ready to accept the rollover. Form 4 will include the Receiving Plan’s
account number or mailing address for purposes of the transfer.

Bulletin No. 2026–35 209 August 24, 2026
Form 3: Distributing Plan’s Rollover Certification
On behalf of the plan participant or IRA owner named below (Participant), the plan or IRA named below (Distributing Plan) has
received a request from the plan or IRA named below (Receiving Plan) to roll over amounts held in the Distributing Plan, as requested
by the Participant. This form confirms that the Distributing Plan is tax-qualified and that the amounts are eligible for rollover, using
a rollover method selected below.
Participant Name:
Rollover ID Number (RIN):
Receiving Plan:
Receiving Plan Contact Person:
1. DISTRIBUTING PLAN INFORMATION
• Employer/Plan Name (if employer plan):
• Plan Number and/or Account Number:
• Administrator or Trustee Name:
o TIN:
o Address:
o Phone:
o Fax and/or e-mail:
o Name of Specific Person to Resolve Issues:
o Phone of Specific Person:
o E-mail of Specific Person:
o Address and Fax of Specific Person if different than above:
2. DISTRIBUTING PLAN ACCOUNT TYPE (specify only one account type per form)
☐ Qualified Plan (including 401(k) Plan)
☐ 403(b) Plan
☐ 457(b) Plan
☐ Traditional IRA (including SEP or SIMPLE IRA)
3. ACCOUNT INFORMATION
Type of SavingsAmount ($)
Total Amount
Pre-tax Amount
Roth Amount
Roth Basis
After-tax Amount
After-tax Basis
Year of Initial Roth Contributions
3. ACCEPTABLE ROLLOVER METHODS (check all that are possible, or number preference order, and that match Receiv-
ing Plan’s acceptable rollover methods)
☐ ACH
☐ Electronic Platform or Clearinghouse, as specified: ____________________________________________________________
☐ Other, as specified: ______________________________________________________________________________________
If none of the Distributing Plan’s possible rollover methods match the Receiving Plan’s acceptable rollover methods, contact the
Receiving Plan to resolve.

August 24, 2026 210 Bulletin No. 2026–35
4. PROVIDE ANY ADDITIONAL INFORMATION:
If there are any reasons that the rollover cannot be completed, Distributing Plan should contact the Receiving Plan to obtain the
necessary information or resolve the issues before completing this form.
5. CERTIFICATION
To the best of my knowledge, all information provided is correct, the Distributing Plan is tax-qualified, and these amounts are eligible
for rollover.
Print Name: ______________________________________________________________________________________________
Title: ____________________________________________________________________________________________________
Authorized Signature: ______________________________________________________________________________________
Date: ________________
FORM INSTRUCTIONS
Rollover ID Number: Plans must include the RIN assigned by the Receiving Plan on all correspondence with respect to this rollover.
Advise Other Plan of Issues to be Resolved: If there are any issues that need to be resolved, contact the Receiving Plan to resolve
the issue before filling out this form.
Return Distributing Plan Certification (Form 3) to Receiving Plan: Once the Distributing Plan is ready to transfer the rollover
funds to the Receiving Plan, the Distributing Plan should fill out and send Form 3 (separate from and before transferring the funds)
to the Receiving Plan, using a preferred communication method of the Receiving Plan.
Do Not Transfer Rollover until Instructed: The Distributing Plan should not transfer the rollover funds until it receives the Receiv-
ing Plan’s confirmation on a separate form (Form 4) that it is ready to accept the rollover. Form 4 will include the Receiving Plan’s
account number or mailing address for purposes of the transfer.

Bulletin No. 2026–35 211 August 24, 2026
Form 4: Receiving Plan’s Rollover Acceptance
On behalf of the plan participant or IRA owner named below (Participant), the plan or IRA named below (Receiving Plan) has
received certification from the plan or IRA named below (Distributing Plan) that it is ready to transfer the funds, as requested by the
Participant. This form confirms that the Receiving Plan is now ready to accept the rollover from the Distributing Plan to the Receiving
Plan’s account listed below.
Participant Name:
Rollover ID Number (RIN):
Distributing Plan:
Distributing Plan Contact Person:
1. RECEIVING PLAN INFORMATION
• Employer/Plan Name (if employer plan):
• Plan Number and/or Account Number:
• Administrator or Trustee Name:
o TIN:
o Address:
o Phone:
o Fax and/or e-mail:
o Name of Specific Person to Resolve Issues:
o Phone of Specific Person:
o E-mail of Specific Person:
o Address and Fax of Specific Contact if different than above:
2. SELECTED ROLLOVER METHOD
The Receiving Plan will accept the rollover via the following specified method or platform:
☐ ACH:
o Routing Number:
o Account Number:
☐ Electronic Platform or Clearinghouse, as specified:_____________________________________________________________
☐ Other, as specified: ______________________________________________________________________________________
3. PROVIDE ANY ADDITIONAL INFORMATION:
Print Name: ______________________________________________________________________________________________
Title: ____________________________________________________________________________________________________
Authorized Signature: ______________________________________________________________________________________
Date: ________________
FORM INSTRUCTIONS: Contact the Distributing Plan if there are any additional issues to be resolved before sending this form to
the Distributing Plan. Contact the Distributing Plan if the transfer is not received within a reasonable time after sending this form.

August 24, 2026 212 Bulletin No. 2026–35
Application Procedures
for Letter Rulings and
Nonbank Trustee Approval
Letters from IRS Employee
Plans
Rev. Proc. 2026-30
SECTION 1. PURPOSE
This revenue procedure modifies
the procedures in Rev. Proc. 2026-4,
2026-1 IRB 160, for requesting letter
rulings and nonbank trustee approval let-
ters (collectively, Letter Rulings) under
the jurisdiction of the Commissioner,
Tax Exempt and Government Entities
Division, Employee Plans Rulings and
Agreements Office (Employee Plans Rul-
ings and Agreements). This revenue pro-
cedure provides that, effective Septem-
ber 4, 2026, requests for Letter Rulings
under Rev. Proc. 2026-4 must be submit-
ted using Form 15662, Application for
Private Letter Rulings. Additionally, this
revenue procedure requires the use of an
electronic submission process on the pay.
gov website for all such Letter Ruling
requests submitted on or after Septem-
ber 4, 2026.
SECTION 2. BACKGROUND
.01 Rev. Proc. 2026-4 provides detailed
instructions on how taxpayers can sub-
mit requests for Letter Rulings from the
Internal Revenue Service (IRS) on issues
under the jurisdiction of Employee Plans
Rulings and Agreements. Although the
IRS issued Form 15662 in 2025 to sim-
plify and standardize the submission pro-
cess for Letter Rulings requested from
Employee Plans Rulings and Agreements,
Rev. Proc. 2026-4 does not require the
use of a single, standardized form for all
Letter Ruling submissions, nor does that
revenue procedure provide for payment
of user fees for Letter Rulings through the
www.pay.gov portal.
.02 Rev. Proc. 2026-4 generally
requires taxpayers to mail or hand deliver
requests for Letter Rulings to a specified
address along with a paper check for the
applicable user fee. This revenue proce-
dure amends the submission process to
require that a request for a Letter Rul-
ing (including Form 15662, information
required by Rev. Proc. 2026-4 or any suc-
cessor thereto, and the applicable user fee)
be submitted using pay.gov.
SECTION 3. MODIFICATIONS TO
REVENUE PROCEDURE 2026-4
.01 The third paragraph of sec-
tion 6.03(3) of Rev. Proc. 2026-4 is modi-
fied to read as follows:
A request for expedited handling of a
request for a letter ruling will not be
forwarded to the appropriate group for
action until the user fee, in the correct
amount, is received.
.02 Section 27.08 of Rev. Proc. 2026-4
is modified to read as follows:
Additional information can be sent by
fax, Taxpayer Digital Communica-
tions Secure Messaging, the IRS Doc-
ument Upload Tool, or to the address
provided by the Service representative
who requested the information. The
additional information should include
the name and room number of the Ser-
vice representative who requested the
information and the taxpayer’s name
and the case control number (which
the Employee Plans Rulings and
Agreements representative can pro-
vide).
.03 Section 30.07(4) of Rev. Proc.
2026-4 is deleted in its entirety and
replaced with the following:
(4) Payment of user fees for letter rul-
ing and nonbank trustee approval let-
ter requests. User fees for letter ruling
and nonbank trustee approval letter
requests must be paid using www.pay.
gov. The Service no longer accepts
checks for letter ruling and nonbank
trustee approval letter submissions.
.04 Section 30.08 of Rev. Proc. 2026-4
is modified to add the following paragraph
after section 30.08(2):
(3) Letter ruling and nonbank trustee
approval letter requests must be made
to the Service on www.pay.gov using
Form 15662, Application for Private
Letter Rulings.
.05 The first sentence of section 31.01
of Rev. Proc. 2026-4 is modified to read
as follows:
.01 Requests should be submitted in the
manner prescribed in section 31.01(1),
mailed to the address provided in sec-
tion 31.01(2), or mailed or hand deliv-
ered to the appropriate address pro-
vided in section 31.01(3).
.06 Section 31.01(1) is modified to read
as follows:
(1) Employee plans letter rulings and
nonbank trustee approval letters under
Rev. Procs. 87-50, 90-49, 2003-16,
2010-52, 2017-57, 2024-32, or this
revenue procedure:
Requests for letter rulings and non-
bank trustee approval letters must
be submitted on www.pay.gov and
may not be mailed to the Service.
If a paper submission is mailed, the
submission will be returned to the
applicant, including any submitted
paper checks.
Requests for reconsideration of
user fees under section 30.11 for
letter rulings and nonbank trustee
approval letters should be mailed
to:
Internal Revenue Service
Attention: EP Letter Rulings
SE:T:EP:RA:T:A2, IR-6213
1111 Constitution Avenue, NW
Washington, DC 20224-0002
.07 Section 31.01(3) is modified to read
as follows:
(3) Requests for employee plans opinion
letters described in section 31.01(2) of
this revenue procedure that are shipped
by Express Mail or a delivery service
should be sent to:
Internal Revenue Service
Attention: EP Opinion Letters
TE/GE Stop 31A Team 105
7940 Kentucky Drive
Florence, KY 41042

Bulletin No. 2026–35 213 August 24, 2026
Note: Hand-delivered requests must
be marked OPINION LETTER SUB-
MISSION. The delivery should be
made to the following address between
the hours of 8:30 a.m. and 4:00 p.m.,
where a receipt will be given:
Courier’s Desk
Internal Revenue Service
Attention: EP Opinion Letters
TE/GE Stop 31A Team 105
7940 Kentucky Drive
Florence, KY 41042
.08 Appendix D of Rev. Proc. 2026-4 is
modified to delete the following address
information appearing toward the top cen-
ter of the Appendix:
P.O. Box 12192
TE/GE Stop 31A Team 105
Covington, KY 41012-0192
.09 On the second page of Appendix D,
section F.2.c is modified to read as fol-
lows:
c. The required user fee has been paid
through pay.gov. [See section 6.02(15).]
.10 The first paragraph of Appendix E
of Rev. Proc. 2026-4 is modified to read
as follows:
The Service will be able to respond
more quickly to your letter ruling
request if it is carefully prepared and
complete. To ensure that your request
is in order, use this checklist. Complete
the four items of information requested
before the checklist. Answer each ques-
tion by circling “Yes,” “No,” or “N/A.”
If a question contains a place for a page
number, insert the page number (or
numbers) of the request that gives the
information called for by a yes answer
to a question. Sign and date the
checklist (as taxpayer or authorized
representative) and attach it as the
first document of your request.
.11 Question 23 of the checklist of
Appendix E of Rev. Proc. 2026-4 is modi-
fied to read as follows:
Have you included the correct user fee
with the request? See section 6.02(15)
and section 30 and Appendix A for the
correct amount and additional informa-
tion on user fees.
SECTION 4. EFFECT ON OTHER
DOCUMENTS
Rev. Proc. 2026-4 is modified.
SECTION 5. EFFECTIVE DATE
The effective date of this revenue pro-
cedure is September 4, 2026.
SECTION 6. PAPERWORK
REDUCTION ACT
The Paperwork Reduction Act of 1995
(44 U.S.C. §§ 3501-3520) requires that
a Federal agency obtain the approval of
the Office of Management and Budget
(OMB) before collecting information
from the public, whether such collection
of information is mandatory, voluntary,
or required to obtain or retain a benefit. A
Federal agency may not conduct or spon-
sor, and a person is not required to respond
to, a collection of information unless the
collection of information displays a valid
control number.
Section 3.04 of this revenue procedure
mentions the submission of Form 15662.
Form 15662 is approved by the OMB
under control number 1545-1520. This
revenue procedure requires Form 15662
to be used and requires it to be submit-
ted electronically but does not change the
information collected by Form 15662.
Therefore, this revenue procedure does
not change the existing OMB approval for
control number 1545-1520.
SECTION 7. DRAFTING
INFORMATION
The principal author of this revenue
procedure is Jordan D. Kohl of the Office
of the Associate Chief Counsel (Employee
Benefits, Exempt Organizations, and
Employment Taxes). For further infor-
mation regarding this revenue procedure,
please contact IRS Employee Plans at
(202) 317-5984.

August 24, 2026 214 Bulletin No. 2026–35
Part IV
Fourth Remedial
Amendment Cycle for
Defined Contribution
Qualified Pre-approved
Plans: Issuance of Opinion
Letters, Plan Adoption
Deadline, and Opening
of Determination Letter
Program
Announcement 2026-15
Section 1. Purpose
The Internal Revenue Service (IRS)
intends to issue opinion letters for defined
contribution qualified pre-approved plans
that were updated for changes in plan
qualification requirements listed in the
2023 Cumulative List in Notice 2024-3,
2024-2 IRB 338 and that were filed with
the IRS during the fourth remedial amend-
ment cycle (Cycle 4) under the remedial
amendment cycle system for pre-approved
plans established under Rev. Proc. 2023-
37, 2023-51 IRB 1491. The IRS expects
to issue the letters on August 31, 2026, or
as soon as possible thereafter.
This announcement provides a dead-
line for when an employer intending to
maintain a Cycle 4 defined contribution
qualified pre-approved plan must adopt
that plan. In addition, the announcement
sets forth the period during which the IRS
will accept an application for an individ-
ual determination letter from an adopting
employer of a Cycle 4 defined contribu-
tion qualified pre-approved plan that is
eligible to submit a determination letter
request.
Section 2. Background
Rev. Proc. 2023-37 describes a recur-
ring remedial amendment cycle system
for pre-approved plans. The revenue
procedure provides separate remedial
amendment cycles for defined contri-
bution qualified pre-approved plans,
defined benefit qualified pre-approved
plans, and section 403(b) pre-approved
plans.
1

Section 8 of Rev. Proc. 2023-37 pro-
vides that the schedules for pre-approved
plan cycles are available at https://www.
irs.gov/retirement-plans/determination-
opinion-and-advisory-letters-6-year-cy-
cle-for-pre-approved-plans-plans. Section
8 further provides that the IRS may revise
the schedules to respond to changing cir-
cumstances and the needs of adopting
employers, and that any such revision will
be reflected in guidance published in the
IRB (either in a revenue procedure, an
announcement, or in the applicable cumu-
lative list).
In order to receive opinion letters with
respect to Cycle 4, Rev. Proc. 2023-37
and the 2023 Cumulative List require
that providers update their defined con-
tribution qualified pre-approved plans
for changes in plan qualification require-
ments set forth in the 2023 Cumulative
List.
Section 5.02 of Rev. Proc. 2023-37
provides that when the review process
for a cycle of pre-approved plans is
near completion, the IRS will announce
the employer adoption window for that
cycle and the adopting employer must
adopt a newly approved pre-approved
plan during that window. The employer
adoption window is also generally
the period during which an adopting
employer of a newly approved pre-ap-
proved plan may file for a determination
letter, if applicable, pursuant to section
25 of Rev. Proc. 2023-37. As described
in section 5.02 of Rev. Proc. 2023-37,
the deadline to adopt a newly approved
pre-approved plan is expected to be a
uniform date that will apply to all adopt-
ing employers, and it is expected that the
employer adoption window will provide
virtually all employers approximately
two years to adopt a newly approved
pre-approved plan and file for a deter-
mination letter, if applicable.
Section 3. Deadline for Employer
Adoption of Cycle 4 Defined
Contribution Qualified Pre-approved
Plans
The end of Cycle 4 for defined con-
tribution qualified pre-approved plans
is September 30, 2028. An adopting
employer that has a defined contribution
qualified pre-approved plan that is eligible
for the remedial amendment cycle system
under section 5 of Rev. Proc. 2023-37,
and that adopts a newly approved pre-ap-
proved plan on or before September 30,
2028, will be considered to have adopted
the plan within Cycle 4.
Section 4. Determination Letter
Program for an Adopter of a Cycle 4
Defined Contribution Qualified Pre-
approved Plan
An adopting employer of a newly
approved defined contribution qualified
pre-approved plan may apply for an indi-
vidual determination letter (if otherwise
eligible) during the period beginning
October 1, 2026, and ending September
30, 2028. Additional information regard-
ing individual determination letter appli-
cations for pre-approved plans, including
guidance on employer eligibility to apply
for a determination letter for a pre-ap-
proved plan and the requirements for
applications filed on Form 5307, Appli-
cation for Determination for Adopters of
Modified Nonstandardized Pre-Approved
Plans (or Form 5300, Application for
Determination for Employee Benefit Plan,
if applicable), may be found in Rev. Proc.
2026-4, 2026-1 IRB 160, including sec-
tions 8, 12, and 13.
1
The terms “remedial amendment cycle,” “qualified pre-approved plan,” “section 403(b) pre-approved plan,” “adopting employer,” and “employer adoption window” have the same meaning
as “Remedial Amendment Cycle,” “Qualified Pre-approved Plan,” “Section 403(b) Pre-approved Plan, “Adopting Employer,” and “Employer Adoption Window” as used in sections 4.01(17),
4.02(2), 4.03(7), 4.01(1), and 4.01(6) of Rev. Proc. 2023-37, respectively.

Bulletin No. 2026–35 215 August 24, 2026
Section 5. Paperwork Reduction Act
The collection of information con-
tained in Rev. Proc. 2023-37 relating to
the pre-approved plan program has been
reviewed and approved by the Office
of Management and Budget (OMB)
under OMB Control Number 1545-
1674 in accordance with the Paperwork
Reduction Act (44 U.S.C. 3507). This
announcement does not create any new
or additional information collection
requirements.
Section 6. Drafting Information
The principal author of this announce-
ment is Isaac Stein of the Office of Asso-
ciate Chief Counsel (Employee Benefits,
Exempt Organizations, and Employment
Taxes). For further information regard-
ing this announcement, contact Employee
Plans at (513) 975-6319 (not a toll-free
number).

Bulletin No. 2026–35 i August 24, 2026
Definition of Terms
Revenue rulings and revenue procedures
(hereinafter referred to as “rulings”) that
have an effect on previous rulings use the
following defined terms to describe the
effect:
Amplified describes a situation where
no change is being made in a prior pub-
lished position, but the prior position is
being extended to apply to a variation of
the fact situation set forth therein. Thus,
if an earlier ruling held that a principle
applied to A, and the new ruling holds that
the same principle also applies to B, the
earlier ruling is amplified. (Compare with
modified, below).
Clarified is used in those instances
where the language in a prior ruling is
being made clear because the language
has caused, or may cause, some confu-
sion. It is not used where a position in a
prior ruling is being changed.
Distinguished describes a situation
where a ruling mentions a previously pub-
lished ruling and points out an essential
difference between them.
Modified is used where the substance
of a previously published position is being
changed. Thus, if a prior ruling held that a
principle applied to A but not to B, and the
new ruling holds that it applies to both A
and B, the prior ruling is modified because
it corrects a published position. (Compare
with amplified and clarified, above).
Obsoleted describes a previously pub-
lished ruling that is not considered deter-
minative with respect to future transactions.
This term is most commonly used in a ruling
that lists previously published rulings that
are obsoleted because of changes in laws or
regulations. A ruling may also be obsoleted
because the substance has been included in
regulations subsequently adopted.
Revoked describes situations where the
position in the previously published ruling
is not correct and the correct position is
being stated in a new ruling.
Superseded describes a situation where
the new ruling does nothing more than
restate the substance and situation of a
previously published ruling (or rulings).
Thus, the term is used to republish under
the 1986 Code and regulations the same
position published under the 1939 Code
and regulations. The term is also used
when it is desired to republish in a single
ruling a series of situations, names, etc.,
that were previously published over a
period of time in separate rulings. If the
new ruling does more than restate the sub-
stance of a prior ruling, a combination of
terms is used. For example, modified and
superseded describes a situation where the
substance of a previously published ruling
is being changed in part and is continued
without change in part and it is desired to
restate the valid portion of the previously
published ruling in a new ruling that is
self contained. In this case, the previously
published ruling is first modified and then,
as modified, is superseded.
Supplemented is used in situations in
which a list, such as a list of the names of
countries, is published in a ruling and that
list is expanded by adding further names
in subsequent rulings. After the original
ruling has been supplemented several
times, a new ruling may be published that
includes the list in the original ruling and
the additions, and supersedes all prior rul-
ings in the series.
Suspended is used in rare situations
to show that the previous published rul-
ings will not be applied pending some
future action such as the issuance of new
or amended regulations, the outcome of
cases in litigation, or the outcome of a
Service study.
Abbreviations
The following abbreviations in current
use and formerly used will appear in
material published in the Bulletin.
A—Individual.
Acq.—Acquiescence.
B—Individual.
BE—Beneficiary.
BK—Bank.
B.T.A.—Board of Tax Appeals.
C—Individual.
C.B.—Cumulative Bulletin.
CFR—Code of Federal Regulations.
CI—City.
COOP—Cooperative.
Ct.D.
—Court Decision.
CY—County.
D—Decedent.
DC—Dummy Corporation.
DE—Donee.
Del. Order—Delegation Order.
DISC—Domestic International Sales Corporation.
DR—Donor.
E—Estate.
EE—Employee.
E.O.—Executive Order.
ER—Employer.
ERISA—Employee Retirement Income Security Act.
EX—Executor.
F—Fiduciary.
FC—Foreign Country.
FICA—Federal Insurance Contributions Act.
FISC—Foreign International Sales Company.
FPH—Foreign Personal Holding Company.
F.R.—Federal Register.
FUTA—Federal Unemployment Tax Act.
FX—Foreign corporation.
G.C.M.—Chief Counsel’s Memorandum.
GE—Grantee.
GP—General Partner.
GR—Grantor.
IC—Insurance Company.
I.R.B.—Internal Revenue Bulletin.
LE—Lessee.
LP—Limited Partner.
LR—Lessor.
M—Minor.
Nonacq.—Nonacquiescence.
O—Organization.
P—Parent Corporation.
PHC—Personal Holding Company.
PO—Possession of the U.S.
PR—Partner.
PRS—Partnership.
PTE—Prohibited Transaction Exemption.
Pub. L.—Public Law.
REIT—Real Estate Investment Trust.
Rev. Proc.—Revenue Procedure.
Rev. Rul.—Revenue Ruling.
S—Subsidiary.
S.P.R.—Statement of Procedural Rules.
Stat.—Statutes at Large.
T—Target Corporation.
T.C.—Tax Court.
T.D.—Treasury Decision.
TFE—Transferee.
TFR—Transferor.
T.I.R.—Technical Information Release.
TP—Taxpayer.
TR—Trust.
TT—Trustee.
U.S.C.—United States Code.
X—Corporation.
Y—Corporation.
Z—Corporation.

August 24, 2026 ii Bulletin No. 2026–35
Numerical Finding List
1
Bulletin 2026–35
Announcements:
2026-11, 2026-29 I.R.B. 49
2026-12, 2026-29 I.R.B. 50
2026-13, 2026-32 I.R.B. 173
2026-14, 2026-34 I.R.B. 180
2026-15, 2026-35 I.R.B. 214
Notices:
2026-39, 2026-27 I.R.B. 1
2026-38, 2026-28 I.R.B. 30
2026-40, 2026-28 I.R.B. 33
2026-41, 2026-29 I.R.B. 39
2026-42, 2026-29 I.R.B. 41
2026-43, 2026-29 I.R.B. 42
2026-21, 2026-30 I.R.B. 51
2026-44, 2026-32 I.R.B. 143
2026-28, 2026-34 I.R.B. 177
2026-46, 2026-35 I.R.B. 182
2026-48, 2026-35 I.R.B. 185
2026-49, 2026-35 I.R.B. 198
Revenue Procedures:
2026-25, 2026-29 I.R.B. 45
2026-18, 2026-30 I.R.B. 53
2026-26, 2026-31 I.R.B. 131
2026-32, 2026-32 I.R.B. 146
2026-28, 2026-33 I.R.B. 175
2026-30, 2026-35 I.R.B. 212
Revenue Rulings:
2026-12, 2026-28 I.R.B. 27
2026-13, 2026-32 I.R.B. 132
2026-14, 2026-35 I.R.B. 181
Treasury Decisions:
10051, 2026-31 I.R.B. 118
10052, 2026-31 I.R.B. 121
10050, 2026-32 I.R.B. 134
1
A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2026–27 through 2026–52 is in Internal Revenue Bulletin
2025–52, dated December 21, 2025.

Bulletin No. 2026–35 iii August 24, 2026
Finding List of Current Actions on
Previously Published Items
1
Bulletin 2026–35
1
A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2026–27 through 2026–52 is in Internal Revenue Bulletin
2025–52, dated December 21, 2025.

Internal Revenue Service
Washington, DC 20224
Official Business
Penalty for Private Use, $300
INTERNAL REVENUE BULLETIN
The Introduction at the beginning of this issue describes the purpose and content of this publication. The weekly Internal Revenue
Bulletins are available at www.irs.gov/irb/.
We Welcome Comments About the Internal Revenue Bulletin
If you have comments concerning the format or production of the Internal Revenue Bulletin or suggestions for improving it,
we would be pleased to hear from you. You can email us your suggestions or comments through the IRS Internet Home Page
www.irs.gov) or write to the Internal Revenue Service, Publishing Division, IRB Publishing Program Desk, 1111 Constitution Ave.
NW, IR-6230 Washington, DC 20224.