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COVID-19 Stimulus Bill Archives - The Hayes Law Firm

The Hayes Law Firm

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COVID-19 Stimulus Bill

Congress Suspends Required Minimum Distributions for 401(k)s and IRAs for 2020, Opening Window to Tax Savings

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By Gerry W. Beyer The bipartisan COVID-19 stimulus bill recently signed by President Trump includes welcome tax relief for retirees: The required minimum distribution (RMD) rules for Individual Retirement Accounts and 401(k)s are waived for 2020. This is the same as what occurred in 2009 …

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