- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
COVID-19 early withdraw
I got money out of my 401k in June. Left a job and got a new one because of loss of hours. I didn’t know about the cares act at the time and they took the 20 percent off the top. I now learned that I don’t have to pay the initial 20 percent and the 10 percent at time of filing. I called my plan administrator and he basically told me it’s too late it’s gone. My question is when I do my taxes and claim my withdraw covid related is it possible to reclaim that money? Or is it just gone like a normal early withdraw. Thanks.
December 11, 2020
6:43 PM