After the starting year for RMDs, taxpayers must receive the minimum distribution for each year by December 31 of that year. (The starting year is the year in which the taxpayer reaches age 72 (73 if they reach age 72 after Dec. 31, 2022 ) or retired, whichever is later. For traditional, traditional, SEP and SIMPLE IRAs, it does not matter whether the taxpayer has retired.

If no distribution is received during the taxpayer's starting year, the RMD for two years must be received the following year, one must be taken by April 1 and another by December 31.

Note: If the taxpayer reaches age 73 in 2023, they were 72 in 2022 and subject to the age 72 RMD rule in effect for 2022. If the taxpayer reaches age 72 in 2022, their first RMD is due by April 1, 2023, and their second RMD is due by December 31, 2023.

Note: If the taxpayer reaches age 72 in 2023, the required beginning date for their first RMD delayed until April 1, 2025. They must take another RMD by December 31, 2025.

These rules do not apply to Roth IRAs.

RMDs are reported on Form 1099-R and are included on the return. Review Publication 4491,Retirement Income lesson to review Required Minimum Distributions (RMD).