LegalTax Planning

In-Depth Discussion Of The Relief To Taxpayers With Retirement Accounts Under The CARES Act

Piggy Bank with mask

Rachel Oliver of the Diamond Law Firm recently prepared a video for the Florida Bar’s Real Property Probate and Trust Law Section to discuss the relief to taxpayers with retirement accounts under the newly-passed CARES Act. In this 12 minute video, Rachel gives a summary of the relief under the CARES Act for taxpayers with IRAs and retirement plans, including the waiver of 2020 Required Minimum Distributions and new rules for Coronavirus-Related Distributions and loans from employer plans.