Does a withdrawal from IRA dispersed in January, 2021 still due to Covid-19 fall under the Cares Act (no penalty) cause I haven't work since April, 2020?

[cliffm]

The early withdrawal penalty of 10% will or will not be waive if I received money in 2021?

[GloriaL]

No, in order to avoid the 10% penalty, the distribution must be made to a qualified individual from an eligible retirement plan between Jan. 1, 2020, and Dec. 31, 2020, and must be $100,000 or less in aggregate.

For additional information regarding this, please review: IRS: Coronavirus Related Distributions

[cliffm]

That does not mean that new legislation this year may make it eligible if passed by Congress?

[GloriaL]

Yes, depending on any new legislation that may get passed in 2021, it is possible the qualifications on the early withdrawal penalty may change.

[fanfare]

that withdrawal will go on your future tax return.