The IRS has introduced new rules that significantly impact inherited IRAs and 401k accounts. The changes, which apply to accounts inherited after 2019, are causing complications for beneficiaries. These new regulations may lead to increased tax burdens, particularly for those inheriting substantial amounts. For example, a 73-year-old with a 401k worth $400,000 could see their heirs facing considerable tax increases. The changes are particularly relevant to Gen X individuals whose parents have retirement accounts. Additionally, the IRS has made it easier for financially struggling Americans to access funds from their 401k and IRA accounts. Congress is also scrutinizing inherited IRAs.