IRS Previews Timing for Required Retirement Account Withdrawals

The IRS is anticipating certain final regulations related to required minimum distributions will apply starting with the calendar year that begins no earlier than six months after the rules appear in the Federal Register.

The agency in a Monday announcement clarified timing around changes to when savers must start drawing down retirement funds to avoid incurring tax penalties.

For distribution periods before the final regulations apply, “taxpayers must continue to apply a reasonable, good-faith interpretation of the statutory provisions underlying the regulations,” the IRS said.

Under rules announced in July 2024 that incorporated changes from the SECURE 2.0 Act , ...