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summercomer
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Is Covid a qualified disaster in regards to withdrawal from retirement?

 
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‎January 17, 2022 9:39 AM
last updated ‎January 17, 2022 9:39 AM
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Critter-3
Level 15

Is Covid a qualified disaster in regards to withdrawal from retirement?

Not for 2021. 

‎January 17, 2022 9:48 AM
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MinhT1
Expert Alumni
Expert Alumni

Is Covid a qualified disaster in regards to withdrawal from retirement?

The Cares Act provides favorable tax treatments for Covid-related retirement distributions made between January 1 and December 31, 2020. This treatment is not extended to distributions made in tax year 2021.

 

Please read this IRS FAQ for more information.

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‎January 17, 2022 10:14 AM
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