The penalty is waived for inherited accounts subject to a new rule in proposed regulations implementing the SECURE Act of 2019.
Federal tax return due date further extended for certain disaster area taxpayers
The IRS announced on February 24, 2023 the filing due date for 2022 federal income tax returns and certain payments of taxpayers in certain disaster areas has been further extended from May 15, 2023 to October 16, 2023. (IR-2023-33.)
California Middle Class Tax Refund isn’t taxable
The IRS has announced that certain state tax payments, including the California Middle Class Tax Refund, aren't taxable.