All we know right now is the Penalty is Waived for Early Retirement Withdrawal.
If you need to take money out of your retirement plan ASAP, keep in mind that the 10 percent early withdrawal penalty will be waived on up to $100K of retirement funds withdrawn.
Additionally, income attributable to such distributions would be subject to tax over three years, and you may re-contribute the funds to an eligible retirement plan within three years without regard to that year’s cap on contributions. Rules and regulations on this will unfold as we move forward. Here is a link to the IRS Corona Virus Update for you to keep track of these changes.
Also, here is an interesting article that you may want to look at: Forbes: Everything you want to know about the no penalty withdrawal
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