Regulatory Updates
Departments Release Notice of Intent to Issue Regulations for Saver’s Match Contributions; Comments Due October 5
Published August 10, 2026
The U.S. Department of Treasury (Treasury) and the Internal Revenue Service (IRS) issued Notice 2026-48 announcing an intent to issue proposed regulations on the Saver's Match program that begins in 2027. Notice 2026-48 is the first step in guidance based on an Executive Order pertaining to the implementation of Saver’s Match contributions under Section 6433 of the Internal Revenue Code (IRC) for the creation of a federal individual retirement account (IRA) savings program for private-sector employees without a workplace retirement plan.
The Saver’s Match will provide eligible taxpayers with a maximum 50% match on the first $2,000 of qualified retirement savings contributions made to an employer-sponsored retirement plan or individual retirement account (IRA), up to $1,000 annually, and will be paid for eligible taxpayers starting in 2028, based on contributions made for the 2027 tax year. The program, enacted as part of the SECURE 2.0 Act, replaces the Saver’s Credit with respect to retirement savings contributions.
Initial questions addressed in Notice 2026-48 include eligibility for and calculating Saver’s Match contributions; claiming and payment of contributions; reporting requirements; treatment of contributions for determining an applicable retirement savings vehicle’s tax status; and improper contributions, among others.
Comments are due October 5, 2026.