The coronavirus stimulus package, known as the CARES Act, waives required minimum distributions (RMDs) from retirement savings accounts for 2020. Since RMDs are taxable, the waiver gives retirees who can afford to skip their 2020 distribution some amount of tax relief. Distributions from inherited IRAs are also included in the waiver and do not need to be taken in 2020. If you’ve already taken your RMD, you may be even be able to put it back. Also, if you qualify, distributions prior to age 59 1/2 of up to $100,000 are not subject to the 10% excise tax in 2020, and distributions of up to $100,000 this year can be reported as income over three years and/or repaid.