i withdrew $10k in January 2020 and then found out that i qualify for RMD deferral until 2022 with passage of law in December 2019. This withdrawal bumps me into higher income tax bracket. is there anything i can do to correct this?
Yes. Generally you can rollover those funds within 60 days (so the clock is ticking) to another similar account without any tax consequences.
You should start by contacting the plan administrator from the plan you took the money from and see if they can help. Or contact your broker, bank, or investment advisor and see if they can get something set up before the 60 days runs out.
Here is a link to the IRS Resource guide on 401Ks: 401k Resource Guide.
Yes. Generally you can rollover those funds within 60 days (so the clock is ticking) to another similar account without any tax consequences.
You should start by contacting the plan administrator from the plan you took the money from and see if they can help. Or contact your broker, bank, or investment advisor and see if they can get something set up before the 60 days runs out.
Here is a link to the IRS Resource guide on 401Ks: 401k Resource Guide.