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HOUSE 2933117th CongressReferred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to increase the age for the beginning date for required minimum distributions.

Last Action
4/30/2021

Actions

  • 2021-04-30Referred to the House Committee on Ways and Means.
  • 2021-04-30Introduced in House
  • 2021-04-30Introduced in House

CRS Summary

As of 2021-04-30 (00)

This bill increases the age (currently, age 72) at which taxpayers are required to make minimum distributions from tax-exempt retirement plans. For taxpayers who attain age 72 after December 31, 2026, the age is increased to 73; for taxpayers who attain age 73 after December 31, 2032, the age is increased to 75.

Cosponsors (1)

  • Ron Estes (R-KS)

Subjects

  • Employee benefits and pensions
  • Income tax deferral
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.