Some IRA Strategies Under The CARES Act The IRS Might Not Like

Some IRA Strategies Under The CARES Act The IRS Might Not Like

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The Coronavirus Aid, Relief, and Economic Stimulus (CARES) Act, enacted in March, contained a number of provisions designed to provide relief to cash-strapped taxpayers, including retirees. Key breaks included reduced penalties for taking early IRA distributions, waiver of required minimum distributions (RMDs) and the option to spread taxes on retirement plan distributions over three…

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