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Table III (Uniform Lifetime). Use Table III if you are the IRA owner and your spouse isn’t the sole designated beneficiary or if your spouse is the sole designated beneficiary of your IRA and not more than 10 years younger than you.
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Find guidance for filing personal income taxes and tax...
- IRS.gov Pub590B
Publication 590-B discusses distributions from individual...
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** The Uniform Lifetime Table can be used by all IRA owners, unless their sole beneficiary for the entire year is their spouse who is more than 10 years younger. In that case, the regular Joint Life Expectancy Table is used, which could reduce the RMD even further.
14 maj 2024 · See IRS Publication 590-B for the complete table. For example, if you turn 74 years old on your birthday this year and your traditional IRA balance was $500,000 at the end of last year, you would calculate your RMD as follows:
20 gru 2021 · Paragraph (c), which is also linked in this post, is the Uniform Lifetime Table. It’s an update to Table III in IRS Publication 590-B, which is used for withdrawing from your own accounts (except when your spouse is more than 10 years younger and is the sole beneficiary).
Publication 590-B discusses distributions from individual retirement arrangements (IRAs). An IRA is a personal savings plan that gives you tax advantages for setting aside money for retirement. For information about contributions to an IRA, see Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs).
13 sty 2022 · The IRS calls that number the “life expectancy factor,” and it can be found under the Uniform Lifetime Table (Table III) in Appendix B of IRS Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs).
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.
