Are we required to take RMD's from our ira's and 401K's this year 2020?

Go to this IRS website for information - https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-required-minimum-distributions

The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) became law on December 20, 2019. The Secure Act made major changes to the RMD rules. If you reached the age of 70½ in 2019 the prior rule applies, and you must take your first RMD by April 1, 2020. If you reach age 70 ½ in 2020 or later you must take your first RMD by April 1 of the year after you reach 72.

No, you do not have to take RMDs from your IRAs or 401(k) plans in 2020. The CARES Act, which was signed into law on March 27, 2020, waives RMDs for 2020. See the following IRS new release.

IRS: Seniors, retirees not required to take distributions from retirement accounts this year under new law

"The Internal Revenue Service today reminds seniors and retirees that they are not required to take money out of their IRAs and workplace retirement plans this year."

"The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, waives required minimum distributions during 2020 for IRAs and retirement plans, including beneficiaries with inherited accounts."