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dwwill45
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I want to withdraw $10,000 from my traditional IRA. Can I avoid the tax penalty under Coronavirus aid relief and economic security act?

 
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I want to withdraw $10,000 from my traditional IRA. Can I avoid the tax penalty under Coronavirus aid relief and economic security act?

A provision in the relief bill allows Americans to take penalty-free distributions from IRAs and qualified retirement plans up to $100,000. The standard 10% penalty for withdrawals under age 59.5 (except in the event of death or disability) is waived.

 

https://www.forbes.com/sites/bobcarlson/2020/03/28/ira-and-retirement-plan-changes-in-the-cares-act/...

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