The SECURE 2.0 Act of 2022, Section 302, reduced the penalty for fallure to take...

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Accounting

The SECURE 2.0 Act of 2022, Section 302, reduced the penalty for fallure to take a minimum required distribution. The penalty for falling to take a minimum required distribution is reduced from 50% to 25%. If a correction is made within two years (subject to some limitations), the tax is further reduced to which percent? 5%.10%.15%.20%

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