Hello,
I was impacted by COVID so in 2021, I took out money from my 401k and I am not 59 1/2 years old.
Is the 10% being waived for 2021 Federal Taxes if you were impacted by COVID?
Thanks,
No. The favorable tax treatment in the CARES Act only applies to the Coronavirus-related distributions from January 1 to December 31, 2020.
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