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IRS Makes It Easier to Undo This Type of Retirement Withdrawal

Savings

IRS Makes It Easier to Undo This Type of Retirement Withdrawal


The IRS has good news for those who already took a required minimum distribution, or RMD, this year but now are having second thoughts. Earlier this year, passage of the federal Coronavirus Aid, Relief, and Economic Security Act, better known as the CARES Act, gave taxpayers the option to skip taking an RMD from their individual retirement account or defined-contribution retirement plan…

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