Woman trying to figure out her tax bill
fizkes / Shutterstock.com

Getting an inheritance can leave you flush with cash. But if you aren’t careful, it also could soon put you in hot water with the IRS. This year, the federal agency will finally crack down on folks who inherit an IRA and do not take their required minimum distributions. The IRS didn’t enforce the penalty from 2020 through 2024, but that leniency has ended as of 2025. The Secure Act of 2019…



Source link

Categories:

Tags:

No responses yet

Leave a Reply

Your email address will not be published. Required fields are marked *