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RMDs were waived by the IRS for the 2020 tax year as part of pandemic relief, but they came back in 2021 and there’s no sign of them being put on hold for 2022.
The IRS waived the requirement for 2021 through 2024 (along with waiving RMD requirements for everyone in 2020). However, the IRS made an official ruling in July.
The Secure 2.0 Act increased the RMD age from 72 to 73 starting in 2023 and then upped it again to 75 in 2033. However, this created an interesting problem for anyone born in 1959.
Required minimum distributions (RMDs) are minimum amounts that U.S. tax law requires one to withdraw annually from traditional IRAs and employer-sponsored retirement plans and pay income tax on that withdrawal. In the Internal Revenue Code itself, the precise term is "minimum required distribution". [1]
The only exception to this rule is if you inherited the account from your spouse before 2020 and after they were already subject to RMDs. ... The IRS waived the RMD requirement for inherited IRAs ...
The Rams won their second Super Bowl overall, defeating the Cincinnati Bengals 23–20 to win their first Super Bowl since 1999, and also won the franchise's first title (including pre-merger) as a Los Angeles-based team since 1951, in addition to the first Super Bowl title won by a California-based team since the 1994 49ers, and fourth overall ...
The 2020 season was the Los Angeles Rams' 83rd season in the National Football League (NFL), their 84th overall, their 54th in the Greater Los Angeles Area, and their fourth under head coach Sean McVay. It also marked the team's first season playing their home games at SoFi Stadium in Inglewood, which the team shares with the Los Angeles Chargers.
The Secure Act changed the rules on inherited IRAs starting in 2020. The new rules apply to anyone who inherits an IRA from someone who passed away after Dec. 31, 2019. ... The IRS waived the RMD ...