February 13, 2023
Deciphering the 50% Excise Tax Waiver
While there is some relief from the 50% excise tax for years 2021 and 2022 arising from confusion over the SECURE Act’s 10-year distribution rule with regard to retirement plans and accounts, there is still plenty of confusion trying to figure out which beneficiaries benefit from that penalty relief, and other designated beneficiaries who will not benefit.
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