What is a qualified veto?

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Qualified retirement plans are meet the requirements of IRS section 401(a) for the allowance of favorable tax treatment. Employers are allowed to deduct their contributions to the plan, and earnings within the plan are tax deferred - taxes are not paid on earnings until withdrawn.
Employers may not deduct their contributions to non-qualified plans, although some plans may have features that may still be preferable to qualified plans.

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First answer by ID1203839277. Last edit by ID1203839277. Question popularity: 2 [recommend question].

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