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Get your taxes done using TurboTax
The Cares Act brought about suspension of required minimum distributions (RMD) for tax year 2020 for those reaching age 72, or age 70 1/2 for years before 2020. That is where the age 72 number is being referenced with relation to the RMD question. The Cares Act changes gave taxpayers over the age of 70 1/2 to repay back into their IRAs any RMD taken in 2020 if done by 8/31/20. TurboTax is correctly referencing your wife's age in the info section.
Click Here for more information on The Cares Act and RMDs
‎January 21, 2021
8:31 AM