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Payroll Deduction IRA

Under a Payroll Deduction IRA, employees establish an IRA (either a Traditional or Roth IRA) with a financial institution and authorize a payroll deduction amount for it. A business of any size, even self-employed, can establish a Payroll Deduction IRA program.

Participate in a Payroll Deduction IRA
Benefits of participation, contributions, effects of withdrawing money from the IRA.

Choose a Payroll Deduction IRA
Learn the basics of a Payroll Deduction IRA program.

Establish a Payroll Deduction IRA
Set up a Payroll Deduction IRA program.

Operate a Payroll Deduction IRA
Learn about the employer’s role in a Payroll Deduction IRA program.

Terminate a Payroll Deduction IRA
Requirements for ending a Payroll Deduction IRA.

Additional Resources
Forms, publications, frequently asked questions, etc.

Page Last Reviewed or Updated: 16-May-2014