topic 403B Cares Act withdrawal and repayment over three years in Retirement tax questions

403B Cares Act withdrawal and repayment over three years

Ragmuffin — Mon, 09 Mar 2026 05:14:48 GMT

I took out $20,000 from my 403B in 2020 to assist with Covid expenses. Last year I had the option of repaying the taxes back over 3 years. Last year, I thought the first payment came off of my tax return, but now I am questioning if I was to pay that back through the estimated quarterly taxes. So, now I should be having my second payment, but do not see that it was factored into my taxes. I want to make sure I am getting this paid back, so there are no surprises next year. Does anyone have any thoughts or information to assist? Thank you.

Re: 403B Cares Act withdrawal and repayment over three years

MinhT1 — Tue, 22 Feb 2022 20:40:50 GMT

You will report the second taxable portion of your 2020 coronavirus distribution in the Retirement section under Wages and Income of TurboTax.

However, this section will only be available around March 31, 2022 and you'll need to revisit this section later.

Please see this TurboTax Help topic on IRS forms availability dates.

Re: 403B Cares Act withdrawal and repayment over three years

Ragmuffin — Sat, 02 Apr 2022 20:24:23 GMT

I do not see that this has been updated yet, Is that correct?

Re: 403B Cares Act withdrawal and repayment over three years

ColeenD3 — Sun, 03 Apr 2022 11:13:49 GMT

Yes, it has been updated.

Steps to enter the repayment.

Login to TurboTax
Click on the Search box on the top and type “1099-R”
Click on “Jump to 1099-R”
If you do not have any 2021 1099-R answer "No" to "Did you get a 1099-R in 2021?"
Answer "Yes" to the "Have you ever taken a disaster distribution before 2021?" screen.

You will be guided through the screens.