Tag Archives: taxes

Text size A man enters the Internal Revenue Service building in Washington, DC Andrew Caballero-Reynolds / Getty Images The new Internal Revenue Service guide clarifies the circumstances under which retirement account owners are eligible to take a coronavirus-related loan or withdraw from their plan without the typical taxes or penalties. …

If you took a minimum required distribution from your retirement account this year and want to reverse it, now you can. The IRS said Tuesday that anyone who has already taken a RMD in 2020 from certain retirement accounts has until August 31 to return the money. The announcement comes …