@cats0413 wrote:
Thank you for a clear answer. Will the new bill that just passed yesterday have that opportunity to withdraw and repay in three years?
I don't think there are too many of us who are volunteering for free, who will want to wade through several thousand pages of proposed legislation to see what's in it. Once something is actually signed by the President, we can talk again. For now, the ability to take a covid-related distribution and apply the special rules ended on 12/30/20.
It would be nice to assume that everything good in the CARES act will be extended, but politics is rarely nice. Remember everyone in Congress professed to be upset that their definition of "dependent" for the stimulus credit excluded many types of legitimate dependents, and promised to fix it, but in round 2 of the stimulus, the definition was exactly the same.
