dmertz
Level 15
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Retirement tax questions

IRS Notice 2023-54 grants the same relief for 2023 RMDs.

 

IRS publications are often not updated timely, especially when the regulations have not been finalized as in this case.

 

Be careful that by pushing distributions into the future you don't end up with larger distributions that push more income into a higher tax bracket, particularly in year 10 when everything that remains in your inherited  IRA must be distributed under the 10-year rule.  Also, unless there is new legislation that changes it, the tax rates are scheduled to return to their previous levels in 2026 where what is now the 22% tax bracket will become the 25% tax bracket.

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