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Level 3
posted Jan 31, 2022 2:58:52 AM

Are there any 2021 provisions for coronavirus related early IRA withdrawals?

Hi,

 

I know the CARES Act allowed one to take an early IRA distribution til Dec 2020.  Then Consolidated Appropriations Act enabled til June 2021 to take disaster relief withdrawals.

 

Am I missing something, or does 2021 contain no coronavirus related provisions for early withdrawals?

 

Would think there must be some legislation in review to extend COVID relief, since, well, 2021 wasn't exactly a better year than 2020 in terms of impact!

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1 Replies
Expert Alumni
Jan 31, 2022 5:38:15 AM

No, currently, there are not any IRA withdrawal Covid provisions for 2021.