topic Why is the CARES act using line 8b, If you took money out from a 401k, now that money is included in 8b. It defeats the purpose of the stimulus checks for some. in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/why-is-the-cares-act-using-line-8b-if-you-took-money-out-from-a-401k-now-that-money-is-included-in/01/1762899#M113774 Mon, 28 Dec 2020 21:34:28 GMT lefty254 2020-12-28T21:34:28Z Why is the CARES act using line 8b, If you took money out from a 401k, now that money is included in 8b. It defeats the purpose of the stimulus checks for some. https://ttlc.intuit.com/community/retirement/discussion/why-is-the-cares-act-using-line-8b-if-you-took-money-out-from-a-401k-now-that-money-is-included-in/01/1762899#M113774 Mon, 28 Dec 2020 21:34:28 GMT https://ttlc.intuit.com/community/retirement/discussion/why-is-the-cares-act-using-line-8b-if-you-took-money-out-from-a-401k-now-that-money-is-included-in/01/1762899#M113774 lefty254 2020-12-28T21:34:28Z Re: Why is the CARES act using line 8b, If you took money out from a 401k, now that money is included in 8b. It defeats the purpose of the stimulus checks for some. https://ttlc.intuit.com/community/retirement/discussion/re-why-is-the-cares-act-using-line-8b-if-you-took-money-out-from-a-401k-now-that-money-is-included/01/1762902#M113775 <P>That is a question to ask your Congressman since Congress wrote the law and CARES act.</P> Mon, 28 Dec 2020 21:36:22 GMT https://ttlc.intuit.com/community/retirement/discussion/re-why-is-the-cares-act-using-line-8b-if-you-took-money-out-from-a-401k-now-that-money-is-included/01/1762902#M113775 macuser_22 2020-12-28T21:36:22Z Re: Why is the CARES act using line 8b, If you took money out from a 401k, now that money is included in 8b. It defeats the purpose of the stimulus checks for some. https://ttlc.intuit.com/community/retirement/discussion/re-why-is-the-cares-act-using-line-8b-if-you-took-money-out-from-a-401k-now-that-money-is-included/01/1763326#M113790 <P>what is Line 8b, and what are you entering there ?</P> Tue, 29 Dec 2020 05:01:39 GMT https://ttlc.intuit.com/community/retirement/discussion/re-why-is-the-cares-act-using-line-8b-if-you-took-money-out-from-a-401k-now-that-money-is-included/01/1763326#M113790 fanfare 2020-12-29T05:01:39Z Re: Why is the CARES act using line 8b, If you took money out from a 401k, now that money is included in 8b. It defeats the purpose of the stimulus checks for some. https://ttlc.intuit.com/community/retirement/discussion/re-why-is-the-cares-act-using-line-8b-if-you-took-money-out-from-a-401k-now-that-money-is-included/01/1763331#M113792 <P>I was assuming that the poster was referring to the AGI which was line 8b on the 2019 1040, line 11 on the 2020 1040.</P> Tue, 29 Dec 2020 05:09:05 GMT https://ttlc.intuit.com/community/retirement/discussion/re-why-is-the-cares-act-using-line-8b-if-you-took-money-out-from-a-401k-now-that-money-is-included/01/1763331#M113792 macuser_22 2020-12-29T05:09:05Z Re: Why is the CARES act using line 8b, If you took money out from a 401k, now that money is included in 8b. It defeats the purpose of the stimulus checks for some. https://ttlc.intuit.com/community/retirement/discussion/re-why-is-the-cares-act-using-line-8b-if-you-took-money-out-from-a-401k-now-that-money-is-included/01/1763426#M113800 <P>Congress has been very anxious to tax your 401k and IRA. They're not going to give you a tax-free distribution.</P> Tue, 29 Dec 2020 13:00:58 GMT https://ttlc.intuit.com/community/retirement/discussion/re-why-is-the-cares-act-using-line-8b-if-you-took-money-out-from-a-401k-now-that-money-is-included/01/1763426#M113800 fanfare 2020-12-29T13:00:58Z