2020 Required Minimum Distributions
In response to the Covid-19 pandemic, Congress passed the CARES Act, effective March 27, 2020 , which waived the Required Minimum Distributions (RMDs) from 401(k)s, 403(b)s, and IRAs for 2020. Some taxpayers, however, had already taken their 2020 RMDs prior to passage of the CARES Act. While the IRS previously granted relief in the form …