Blog Logo
Blog Logo

Edward A. Wodarczyk

Of Counsel

Contact information

View All News & Insights
BACK TO Edward A.’S PROFILE

Additional Flexibility for Required Minimum Distributions (RMDs) Taken During 2020

Edward A. Wodarczyk, Esq., ewodarczyk@tuckerlaw.com, (412) 594-3920

The CARES Act suspended the required minimum distribution (RMD) rules for DC plans and IRAs for 2020 for those past age 70½ (or those past age 72 under new rules).  If you have already taken a RMD for 2020 from a DC plan and wish to reverse it, you have until at least August 31, 2020 to do so by rolling over the distribution.  If you have already taken a RMD for 2020 from an IRA and wish to reverse it, you have until at least August 31, 2020 to return the distribution to the IRA.  For more details, see Notice 2020-51.

August 08, 2020

Serving our clients successfully since 1900

The same attributes that have anchored over a century of success are still our guiding principles today.

Stay up-to-date on the latest News & Insights by subscribing to our alerts

Enter your email address below and be notified when we post new information.