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New Tax Penalty Looms as IRS Cracks Down on Inherited IRAs

New Tax Penalty Looms as IRS Cracks Down on Inherited IRAs
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Getting an inheritance can leave you flush with cash. But if you aren’t careful, it also could soon put you in hot water with the IRS. This year, the federal agency will finally crack down on folks who inherit an IRA and do not take their required minimum distributions. The IRS didn’t enforce the penalty from 2020 through 2024, but that leniency has ended as of 2025. The Secure Act of 2019…

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