JotikaT2
Employee Tax Expert

Get your taxes done using TurboTax

You should wait until the forms have been released and finalized.

 

Currently, the forms have not been finalized to waive the 10% early withdrawal penalty implemented with the Cares act.  Once the IRS releases the forms, you will be able to file and have the early withdrawal penalty waived when you file your tax return.

 

Please see the links below for additional information.

 

IRS link for Coronavirus relief on retirement plans

 

Penalty for early retirement withdrawal

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"