Required Minimum Distributions (RMDs) for 2021

Reminder, 2021 required minimum distributions (RMDs) from retirement plans should be taken by December 31, 2021. RMDs were suspended for tax year 2020 but have been restored for tax years starting in 2021. (Note: Taxpayers now have till age 72 to begin taking RMDs. This means if you turn age 72 in 2021 you must take your first RMD by April 1, 2022).