T. Rowe Price Help Center

• Your first RMD: Must be taken by April 1 of the year after the year you turn age 73.* 
• Keep in mind: If you defer your first RMD until April 1, you’ll also need to take your second RMD In the same year. This additional income could have significant tax implications to consider.
• Subsequent RMDs: Must be taken by December 31 of each year.
• Avoid costly penalties. RMDs aren’t optional. If you don’t take your RMD, or take out too little, you may be faced with an IRS penalty tax up to 25% of the amount not distributed. Penalty tax may be further reduced to 10% if corrected within 2 years.

*The SECURE Act of 2019 changed the RMD age requirement from 70½ to 72 and is applicable to those who turned 70½ on or after January 1, 2020. The Secure 2.0 Act of 2022 changed the RMD age to 73 in 2023 only for individuals who turn 72 on or after January 1, 2023. The new law also provides that the RMD age will change again to 75 in 2033.

Learn more about RMD deadlines and penalties.

Your RMD for a year is determined by dividing the previous year-end's fair market value (on December 31) by the applicable distribution period (from the appropriate IRS life expectancy table). The year-end value may need to be adjusted for certain events.

Your RMD changes each year, based on your balance and age. If you don’t take the correct RMD amount, IRS penalties may apply. If you're a T. Rowe Price client with an RMD eligible account, log in to manage your RMD.

Are you a T. Rowe Price client? Log in to see your existing distributions and plan your upcoming RMD using the Auto-RMD tool.

By logging in you can set up recurring distributions from eligible accounts using the Auto-RMD tool, take a one-time distribution from eligible accounts, or update existing distribution programs.

If you don’t need your RMD for living expenses, here are three ways you could potentially put your RMD to work for the things that matter most to you—reinvest your RMD into a general investing account, save for a loved one's education by investing in a 529 college savings plan, or support a charity by donating to one or more charities. 

Generally, you can distribute up to $108,000 for 2025 (indexed for inflation) directly from a Traditional IRA to qualified charities each year. QCDs can count toward your RMD and won't be included in your taxable income. Make a QCD online or download and submit the QCD Form within the required timeline.

Mutual funds must distribute any dividends and net realized capital gains earned on their holdings over the prior 12 months, and these distributions are taxable income even if the money is reinvested in shares in the fund.

Depending on how the funds in your portfolio performed over the last 12 months and whether distributions were taken, you may be noticing a change in your balance based on your dividends and net realized capital gains.

For more information on capital gains, read “End-of-Year Tax Considerations for Capital Gains: Understanding Mutual Fund Distributions” from CFP Roger Young.

View T. Rowe Price Mutual Fund Dividend Distributions for more information on distributions to shareholders and schedules.  

Clients can log in and see a tax summary for their realized gains/losses, capital gain distribution, and income dividends for 2025 and 2024.

Visit the Tax Planning Center for tax forms, resources, and planning information including Mutual Fund Dividend Distributions.

View the Tax Information Mailing Schedule for when T. Rowe Price tax statements, forms, and packages necessary for your tax planning will be sent.

View T. Rowe Price Mutual Fund Dividend Distributions for more information on distributions to shareholders and schedules. Owners of ETFs can find relevant distribution and scheduling information on T. Rowe Price Exchange Traded Funds (ETF) Dividend Distributions.

Clients can access up to seven years of tax forms issued by T. Rowe Price in the Statements section of their accounts.

Visit our Tax Forms section to view and download IRS forms, listed by form number.