The Internal Revenue Service (IRS) has issued new guidance regarding 401(k) and 403(b) retirement plans, specifically addressing how employers can treat employees' student loan payments as retirement plan deferrals. This guidance allows employers to offer matching contributions based on these payments, providing a potential benefit for workers managing student debt. The IRS's update is part of a broader initiative under the SECURE 2.0 Act, which also includes provisions for emergency personal expense distributions and support for victims of domestic abuse.