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Retirement tax questions
@mblaszk wrote:
Thank you for your response, it addresses my questions, but I would like to clarify a finding of mine. In 2020 I understand an individual could take a distribution from a qualified 401(k) up to $100,000 and spread the taxes on the amount in that year and into 2021 and 2022. Is the 3-year program no longer available?
Only for 2020, and only if you could honestly certify that the withdrawal was to cover expenses related to a COVID hardship.
‎January 25, 2022
8:16 AM
1,111 Views