No. The CARES Act provides special tax treatment for up to $100,000 in distributions from all 401(a), 401(k), 403(a), 403(b), and governmental 457(b) plans and individual retirement accounts (IRAs) made to qualified individuals on and after January 1, 2020, and before December 31, 2020.
If you are a qualified individual, the taxable portion of a distribution that qualifies as a CARES
Act Distribution may be spread evenly over a three-year period starting with 2020 on your federal income tax
return, unless you elect to have it all taxed in 2020.
