If the taxpayer turned 70 and half during the tax year of 2017, then he/she is eligible to start receiving the required minimum distributions (RMD) from Individual Retirement Accounts (IRA) and any workplace retirement plan by April 1, 2018.See more
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This year’s ITR forms also require taxpayers to identify the source of their interest income, which might include interest collected on savings accounts, fixed deposits or any other source of income.
For more details visit our blog "What is Income tax return (ITR)"
