2020年新的法律和税收策略

2020年6月

在过去六个月里, 国会通过了两项影响退休的新法律, 慈善捐赠, 和遗产规划.
The new laws known as the SECURE (Setting Every Community Up for Retirement Enhancement) Act and the CARES (Coronavirus Aid, 救援, and Economic Security) Act present changes and opportunities for some common planning concerns. In this paper we discuss a few of the laws’ changes and provide suggestions for actions that may be beneficial to your own financial plan.

 

所需最小分布(RMDs)的更改

 

The SECURE Act raised the starting age for RMDs from qualified retirement accounts from 70 ½ to 72 for anyone born on or after July 1, 1949.

The CARES Act suspended required minimum distributions for 2020. This change applies to nearly all types of qualified IRA accounts as well as 401(k), 403(b), 政府457计划.

 

RMD改变使Roth转换更有吸引力

 

A Roth conversion is when an investor converts assets from a Traditional IRA to a Roth IRA. Roth转换的价值有三层. First, all earnings are tax-free and qualified distributions are not taxed upon withdrawal. Second, Roth IRAs also pass to beneficiaries free of income taxes. And third, owners of Roth IRAs are not subject to required minimum distributions. The combination of income-tax free inheritance and no required minimum distributions make Roth IRAs powerful estate planning tools.¹

随着rmd的起始年龄被推迟到72岁, investors have more time to convert qualified IRA assets to Roth IRA assets. This can be especially beneficial to retirees who are under the RMD age and are able to support their living expenses outside of their IRAs.

进一步, 因为《365亚洲唯一官网下载》今年暂停了rmd, converting traditional IRA assets to Roth IRA assets has become less burdensome, 特别是从税收的角度来看. 例如, 如果你通常受到rmd的影响, you might consider converting to a Roth IRA an amount equivalent to what would have been your 2020 RMD. 通过这种转换, you will enjoy tax-free future earnings on the monies converted while paying no more in taxes for this year than if RMDs had not been suspended.

 

影响遗产规划的继承ira的变化

 

《365亚洲唯一官网下载》消除了“弹性”爱尔兰共和军. 在过去, a non-spouse beneficiary who inherited qualified assets could choose to take the RMDs over his or her lifetime. 对年轻的受益者, 这意味着rmd可以在很长一段时间内进行, 允许受益人延长爱尔兰共和军的剩余寿命, 以及它的延期纳税福利, 在未来的几年里.

Under the new legislation, non-spouse beneficiaries no longer face RMDs. Instead, beneficiaries must withdraw the entire account within 10 years of the inheritance. This represents a large change to a “stretch” IRA and has tax implications for beneficiaries.

 

The new 10-year distribution rule also diminishes the impact of naming a conduit trust as beneficiary. Many investors have used conduit trusts to protect qualified assets from beneficiaries’ creditors, as well as to require that beneficiaries receive RMDs over a full lifetime instead of allowing the option  to withdrawal the account balance immediately. 要求所有资金在10年内提取, the SECURE Act reduced the “stretch” benefit of a conduit trust

The SECURE Act also reinforces the value of a charitable remainder unitrust (CRUT) as an estate planning tool.

 

Because the SECURE Act reduced the benefit of naming conduit trusts as beneficiaries, investors should consider another strategy to accomplish estate planning goals with an added charitable feature. To enact this strategy, one would name a charitable remainder unitrust (CRUT) as an IRA beneficiary. 爱尔兰共和军的主人死后, IRA资产转移到CRUT中, and the estate receives an estate tax deduction for the present value of the remainder interest. 收入受益人也被命名. The beneficiary would then receive lifetime income from the trust, 而且，资产将受到保护，不受债权人的影响. The charitable factor comes into play at the end of the beneficiary’s lifetime. At that point, the residual assets from the trust pass to a qualified charity.

 

慈善捐赠的变化

 

The CARES Act contains two provisions that are beneficial to charitable donors:

 

Charitable contributions of up to $300 can be taken as an above-the-line deduction. This means that even taxpayers who do not itemize deductions on their federal tax return can claim this deduction.

 

The act also eliminates the cap (50% of adjusted gross income) on charitable contributions paid in cash. This change allows taxpayers to offset up to 100% of their 2020 taxable income through charitable donations.

 

It is important to understand how changes within the SECURE and CARES Acts affect your current planning. 在本文中，我们只强调了其中的几个. 我们期待与您合作, 你的注册会计师, and your estate planning attorney to help you benefit from these recent legislative changes.

 

 

^{1Converting pre-tax IRA assets to a Roth IRA is taxable as income and is important when considering a Roth conversion.}

^{末期365亚洲唯一官网下载管理, an Indianapolis based firm advising on assets in excess of $2 billion, provides highly tailored asset management and investment advisory services to institutional and high-net-worth private clients. The firm manages discretionary and non-discretionary portfolios that can be customized to meet client-specific investment goals. Goelzer’s proprietary investment and wealth management research has helped the firm focus on building long-lasting client relationships and delivering successful results.}