ARE YOU AGE 70 AND A HALF OR OVER AND TAKING REQUIRED MINIMUM DISTRIBUTIONS (RMDS) FROM YOUR IRA ACCOUNT?

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On December 22, 2017, The Tax Cuts and Jobs Act was signed into law. The information in this article predates the tax reform legislation and may not apply to tax returns starting in the 2018 tax year. You may wish to speak to your tax advisor about the latest tax law. This publication is provided for your convenience and does not constitute legal advice. This publication is protected by copyright.

Are you age 70 and a half or over and taking required minimum distributions (RMDs) from your IRA account?
If you were 70.5 or older last year, you needed to take required minimum distributions (RMDs). Learn more to avoid penalties of up to 50%.
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