Question: Under the SECURE 2.0 Act, if a required minimum distribution (RMD) is not taken, the tax penalty is reduced from 50% to 25% for taxable

Under the SECURE 2.0 Act, if a required minimum distribution (RMD) is not taken, the tax penalty is reduced from 50% to 25% for taxable years beginning in 2023. The penalty is further reduced to what amount if a correction to the missed RMD is made within two years after the end of the taxable year in which the distribution was missed?

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