Under federal law, persons age 70 1/2 or over are generally required to take a minimum distribution each year from their IRA or employer-provided qualified retirement plan. However, the minimum distribution requirement is waived for calendar year 2009 (Public Law 110-458).
Wisconsin has adopted the provisions of Public Law 110-458. Therefore, the waiver of the minimum distribution requirement also applies for Wisconsin for 2009. Persons who are not required to take a minimum distribution for federal tax purposes for 2009 are also not required to take a minimum distribution for Wisconsin tax purposes for 2009.
December 14, 2009