Ira required minimum distribution 2025

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If you reach age 73 in 2024, you must take your first RMD by April 1, 2025, and the second RMD by Dec. 31, 2025. A different deadline may apply to RMDs from pre-1987 contributions to a 403(b) plan (see FAQ 5 below).
In late 2022, Congress passed legislation that raised the age you have to start taking RMDs from 72 to 73 years old starting in 2023. If you turned 72 in 2023, you wont have to take an RMD until the 2024 tax year (when you turn 73), which will be due by April 1, 2025.
For simplicitys sake, lets assume a hypothetical investor has one IRA with an account balance of $100,000 as of December 31 of the prior year. To calculate the RMD the year they turn 73, they would use a life expectancy factor of 26.5. So the RMD would be $100,000 26.5, or $3,773.58.
The amount of your RMD is calculated by dividing the value of your Traditional IRA by a life expectancy factor, as determined by the IRS. You can always withdraw more than the RMD, but remember that all distributions are taxed as income. If you dont make withdrawals, youll be subject to pay a penalty.
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