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New Member
posted Feb 24, 2021 8:31:51 AM

I have seen two different answers regarding 8915E being available using TurboTax software, one response said 2/24 and the other saying 2/25.Is there a definitive answer?

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1 Replies
Expert Alumni
Feb 24, 2021 8:46:57 AM

It depends on what information the IRS gives us. As of today, the 8915-E Form is projected to be e-fileable sometime on 02/25/2021. You can check the forms availability for updates.

 

Those who qualify as individuals directly impacted by the pandemic will be able to withdraw up to $100k from their retirement accounts without facing the 10% early withdrawal penalty.

 

You qualify if:

  • You, your spouse, or your dependent are diagnosed with COVID-19
  • You experience adverse financial consequences as a result of being quarantined, furloughed, or laid off
  • You had work hours reduced to COVID-19
  • You’re unable to work due to child care closure or hour reduction

As things change, TurboTax is continually updated and able to handle every situation that arises to ensure your taxes are done right, so you’ll receive your maximum refund. 

 

Source: Can I waive the penalty for early retirement withdrawal if I'm impacted by