Inherited Ira Tax Rules 2024. Those heirs now have two options: Now, for iras inherited from the original owners who passed away on or after january 1, 2020, the new law requires most beneficiaries to withdraw assets from.
Use younger of 1) beneficiary’s age or 2) owner’s age at birthday in year of death. Before 2020, if you inherited an ira and you were a designated beneficiary, you could do what was called a stretch ira, or an extended.