What Will Washington Tinker with Next
What they will not do is waive the Required Minimum Distribution (RMD) like they did in 2020. Taxpayers 72 years old and older must take an RMD by the end of 2021. However, if you turned 72 this year your deadline for the distribution is April 18, 2022. There are some other exceptions if you keep working but the exceptions do not come without strings.