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Notice 2020–51 Guidance on Waiver of 2020 Required Minimum . . . Notice 2020–51 Guidance on Waiver of 2020 Required Minimum Distributions I PURPOSE This notice provides guidance relating to the waiver of 2020 required minimum distributions, described in § 401(a)(9) of the Internal Revenue Code (Code), from certain retirement plans under section 2203 of the Coronavirus Aid, Relief, and Economic
Required Minimum Distribution (RMD) Suspended for 2020 As a part of the Coronavirus Air, Relief and Economic Security Act (CARES Act) RMD’s were waived for 2020 The Required Minimum Distribution suspension includes IRA’s, employer retirement plans, plus 403 (b) and 457 (b) plans
The CARES Act and Required Minimum Distributions (RMDs . . . The Coronavirus Aid, Relief, and Economic Security Act (CARES Act; P L 116-136) includes a provision that suspends Required Minimum Distributions (RMDs) from certain retirement accounts for 2020
The CARES Act Suspended the RMD Requirement for 2020 | Money The coronavirus stimulus bill that became law in late March suspended the RMD requirement for this year But what if you already took your required minimum distribution for 2020, and now you wish you hadn’t? You may be able to put the money back into your retirement account
When Can Required Minimum Distributions Be Waived? The 2020 RMD Waiver Under the CARES Act The Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted in March 2020, included a specific provision to suspend all RMD obligations for that calendar year