I would like to know if I qualify for a 401K withdrawal ?

[migmac29]

I was fired and got a new job but lower salary

[DoninGA]

Yes, under the Cares Act you would be eligible for a penalty free distribution from the 401(k).  But this does Not mean that the distribution is not taxable.  The taxable portion of the distribution will be entered on your tax return as ordinary income and taxed at your current tax return.

See this IRS website for information - https://www.irs.gov/newsroom/coronavirus-related-relief-for-retirement-plans-and-iras-questions-and-...