## What is the new RMD table for 2021?

Under the old table, the divisor was 22.9. For an IRA with a balance of $700,000 on 12/31/2021, the difference in RMD is $28,455 (new table) versus $30,568 (old table). We’re happy to have the new tables available in an official public release.

**How do I calculate my RMD for 2020?**

RMD Tables

- Locate your age on the IRS Uniform Lifetime Table.
- Find the “life expectancy factor” that corresponds to your age.
- Divide your retirement account balance as of December 31 of the previous year by your current life expectancy factor.

### How do I calculate my RMD for 2022?

To calculate your RMD, look up the distribution period for age 74, which is 25.5. Divide $500,000 by 25.5 to get your 2022 RMD of $19,608. That’s the RMD amount that you will need to take out of your IRA before 12/31/2022 using the new 2022 tables.

**How much federal tax Should I withhold from my RMD?**

10%

What are my tax considerations? 10% tax withholding will be applied to your RMD payments (unless you elect no, or additional withholding on this amount). If federal tax is withheld, your state may also require state tax be withheld.

## What are the new rules for RMDs?

Your first RMD had to be taken for the year in which you turned age 70½. Anyone who turned 70½ after 2019 takes the first RMD for the year in which he or she turns 72. For original owners of accounts, RMDs apply only to traditional IRAs and 401(k)s.

**Is there a new RMD table for 2022 IRS?**

Say your IRA was worth $500,000 at the end of 2021 and you’re turning 72 in 2022. The IRS distribution period for 72-year-olds is 27.4 years. So, if you divide $500,000 by 27.4 years, you get $18,248. That’s what your RMD for 2022 would be.

### What is the RMD for 2024?

This means that, assuming your tax-deferred retirement account balances totaled $500,000 on December 31, 2020, you would actually have 2024 RMDs of $19,531 (2023 RMD) + $19,452 (2024 RMD) which totals $38,983.