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Use this table only if for the entire distribution calendar year your spouse will be sole beneficiary of the account * AND your spouse is more than 10 years younger than you. The figures provide the joint life expectancy factor you will need for calculating your RMD.
Refer to publication 590-B for Joint Life & Last Survivor Expectancy Table. Beneficiaries of inherited IRAs generally follow a Single Life Expectancy table. Strategies for lowering RMDs. As noted above, money you withdraw from a tax-deferred retirement account is generally taxable.
You figure your required minimum distribution for 2024 by dividing your account balance at the end of 2023 by the life expectancy from Table II (Joint Life and Last Survivor Expectancy) in Appendix B.
IRS joint life and last survivor expectancy table. Use this table to calculate required minimum distributions (RMDs) from IRAs and retirement plan accounts when the spouse beneficiary is more than 10 years younger.
Table I (Single Life Expectancy) is used for beneficiaries who are not the spouse of the IRA owner. Table II (Joint Life and Last Survivor Expectancy) is used for owners whose spouses are more than 10 years younger and are the IRA’s sole beneficiaries.
IRS Joint Life and Last Survivor Expectancy Table. Divisors for calculating your RMDs. If your spouse is more than 10 years younger than you and is your sole primary beneficiary, use this table for reference to find the divisor for your RMDs.* For ages 70-79. Continued on next page. For ages 80-89. IRS Joint Life and Last Survivor Expectancy Table.
Joint Life Expectancy Table. This table is used only for lifetime distributions and only when the spousal exception applies (when the spouse is the sole beneficiary for the entire year and is more than 10 years younger than the IRA owner). Beneficiaries never use this table. IRA Minimum Distribution Tables.
If you’re married, the sole beneficiary of your account is your spouse, and they are more than 10 years younger than you, you use the IRS’s Joint and Last Survivor Table. All other original IRA...
New RMD Tables Effective January 1, 2022. Table I – Single Life Expectancy for Inherited IRAs. Table II – Joint Life and Last Survivor Life Expectancy. Table III – Uniform Lifetime Table for Your Own IRAs. RMD Rules.
This table generally applies for distribution calendar years beginning on or after January 1, 2022. However, transition rules under the regulations may apply to certain beneficiaries when the original account owner or their surviving spouse died before January 1, 2022.