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Corporate Tax Return Prep

Corporate Tax Return Prep

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IRA RMDs

Relief For Some 2023 IRA RMDs

August 15, 2023 by Alex Franch, BS EA

In July 14, 2023, the IRS issued Notice 2023-54 announcing that traditional IRA owners who will attain age 72 in 2023 (that is, individuals born in 1951) will have to take their first required minimum distribution (RMD) by April 1, 2025, rather than April 1, 2024.

Filed Under: Tax Planning Tagged With: IRA RMDs

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