Summerlin Benefits Consulting Q&AAnswer
Dec 02, 2024 - 08:19 AM
The excise tax penalty can be reduced to 10% if the RMD error is corrected according to certain guidelines. A waiver can also be requested if the error was reasonable and steps were taken to correct it.
How can individuals reduce the excise tax penalty for RMD errors under SECURE 2.0?
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Open Dec 02, 2024 - 08:19 AM
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