Important Deadline: April 1st for Required Minimum Distributions (RMD)

April 1, 2023 is the deadline for any senior who turned age 72 during 2022 and was required to make their first RMD. If you missed the 2022 distribution, you have until April 1st of this year to catch this up and avoid the 25% penalty. In addition, your second distribution will be due by December 31, 2023, meaning you would have two distributions during 2023.  

Source: Internal Revenue Service