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2019 401k

Hello - My wife withdrew her 401k in 2019 and we are set to pay the 10% penalty in our State taxes in a few weeks when they are due (already filed). I'm now reading that the Government is allowing people to withdraw their 401k early without the 10% penalty due to the Coronavirus relief efforts.

 

Is there a way to amend my taxes or take advantage of this new rule?

 

Thanks,

Brian

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1 Reply

2019 401k

At this time there is no provision for amending prior year returns to get the penalty back ... it is only for distributions in 2020. 

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