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Retirement tax questions
I just copied this straight from the WI site:
Suspension of Retirement Account Early Withdrawal Penalties - Wisconsin
The CARES Act removes the 10% penalty for early withdrawals from retirement accounts for coronavirus-related distributions. The eligible distributions are limited to $100,000 for any taxable year subject to certain requirements. The Wisconsin legislation likewise provides that the state’s early withdrawal penalty will not be charged on such distributions.
March 9, 2021
12:09 PM