Search
WAIVER OF REQUIRED DISTRIBUTION RULES - UPDATE
- cpaboca1040
- Aug 1, 2020
- 1 min read
The Internal Revenue Service recently ruled any RMD taken since January 1, 2020 can now be rolled back into your retirement account without any tax consequences. It must be done no later than August 31, 2020, to avoid paying taxes on that distribution.
Recent Posts
See AllThe Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted last spring, includes several temporary tax changes helping...
For those of you collecting Social Security benefits, you will receive a 1.3% cost of living increase in 2021. A letter from Social...
Are you in a “gift giving” mood? If so, if gifting by check, the funds must clear your account in 2020. Give your gifts early enough....
Commentaires