The Internal Revenue Service has issured final regulations relating to the life expectancy and distribution period tables used to calculate required minimum distributions from IRAs, and qualified retirement plans.
These regulations are of importance to plan participants, designated beneficiaries, and plan administrators of these qualified retirement plans, as well as owners, beneficiaries, trustees and custodians of IRAs. The final regulations apply to distribution calendar years (defined in Treasury Regulation § 1.401(a)(9)-5, Q&A-1(b)), beginning on or after January 1, 2022. A distribution calendar year is a calendar year for which a requireded miimum distribution (RMD) is required.
See: Transitioning to the Updated Required Minimum Distribution Tables in 2022 by David M. Barral, CPA/PFS, CFP, MST.